& Analysis Management Discussion & Analysis (MD&A) Q4/2017 and FY2017 Executive Summary Executive Summary 1 For 2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht

Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Sales Revenue Net Profit Unit: Million Baht Page 2 3. Results of Operations and Profitability Consolidated (Unit: Million Baht) Q3/2018 Q3/2017 %YoY 9M/2018 9M/2017 %YoY

business, featuring both house brand and other brand products. To date, the Company has 10 outlets (Phetchaburi, Kanchanaburi, Pattaya, Pak Chong, Sing Buri, Hua Hin, Sriracha, Phra Nakorn Sri Ayutthaya, Hat

June 2020, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 30 June 2020 30 June 2019 Increased (Decreased) Percentage Remark

For Q2/2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 815 million, increased by Baht 65 million or 9% from Q1/2017. The increase is due to not only

(1,516.7) (98.78) Net profit for the period 2,951.7 5.77 5,126.4 9.66 (2,174.8) (42.42) 4,928.8 10.01 (1,977.2) (40.11) Breakdown of sales revenues by business group Product Group 2019 2018 2017 revenue

in business operation and strength of the Group’s financial position. For the Separate financial statements, the Company had net profit of the first quarter of 2019 at 477.48 million baht, an increase

business operation and strength of the Group’s financial position. For the Separate financial statements, the Company had net profit of the first quarter of 2019 at 477.48 million baht, an increase of 113.94

. (2) The revenue from the studio rental and service business increased. Therefore, the Company booked a gross profit of 47.38 million baht, equivalent to a gross profit margin of 35.30%, up by 5.59

cost 6,897.57 6,311.63 585.93 9.28% Selling and administrative expenses 1,876.73 1,736.81 139.92 8.06% Finance costs -11.97 55.21 -67.18 -121.69% Net profit 993.21 1,382.70 -389.49 -28.17% Apr 17-Mar 18