Microsoft Word - MD&A_Q1'2020_E Management Discussion and Analysis For the Financial Result of Quarter 1 Year 2020 Ended March 31, 2020 Note: This Management Discussion and Analysis (MD&A) was made

market value The market value assessed by an independent appraisal is THB 13.89 per share. The total market value is THB 30,560,000. As a consequence of that, the Company therefore considers the highest

the COVID-19 epidemic which has resulted in a substantial decrease in the number of tourist arrival in Thailand. As a consequence, the occupancy rate in the first quarter of 2020 decreased compared to

The allegation is a consequence of various complaints lodged to the SEC in relation to the increased debt of THB 26,000 million of EARTH following its submission of the financial statement for the

increased 5.31% as a result of an increase in sales volume of sauces and condiments. Revenue from sale of goods 254.87 268.16 5.21% Cost of sale of goods (185.43) (172.39) -7.03% Gross profit 69.44 95.77

the company’s operation result In 2018, revenue from sale was increased from last year 0.4%. Gross profit increased from 43.6% to 44.4% of revenue from sale, whereby net profit for the year showed at

capacity and growth. Food & beverage: Sales was 215.9 Million THB, classified as follows; A&W Restaurant: sales was 192.2 Million THB, decreased by 4.8 Million THB or -2.4% YoY as a result of competition in

Margin Gross profit margin decreased from 37.91% in 2018 to 35.47% in 2019. This is because the customers’ purchase orders had declined, and as a result, the overall utilization rate was lowered, along

the firm was under the process of presenting its projects, so the number of clients remained modest. Meanwhile, the revenue from TV program production fell. As a result, the Company’s profit margin

. As a result of the increase in total revenues of the above mentioned group companies and the effect of better management caused the CompanyEs cost-to-income ratio decreased from 99% to 87% and made the