revenues 3,978.12 3,261.44 716.68 22.0 Cost of sale and rendering of services (excluded Fuel Cost) 1,302.41 1,284.73 17.68 1.4 Administrative expenses 396.63 359.70 36.93 10.3 Finance costs 374.40 361.62

of the insurance company; (b) letter of guarantee of a commercial bank, finance company, or financial institution established under a specific law; (c) other collateral prescribed by the Office

law on commercial bank business(CB); □ A finance company under the law on undertaking of finance business, securities business and credit foncier business(FC,FSC); □ A securities company under the law

□ A commercial bank under the law on commercial bank business(CB); □ A finance company under the law on undertaking of finance business, securities business and credit foncier business(FC,FSC); □ A

loss of THB 254mn, mainly from higher finance cost, due to (i) the full quarter consolidation of the acquired hotel business in Europe in which the foreign exchange (FX) loss from loans revaluation and

administrative expenses 2,461.78 3,001.23 (539.46) (17.97%) Profit before finance cost and income tax expenses 1,272.23 1,984.95 (712.72) (35.91%) Finance cost 125.99 107.93 18.07 16.74% Income tax expenses 203.56

profit of the year 2020 has changed in the opposite direction of the decreased in total revenue. It increased 0.6% from the year 2019. This is because the Company had an increased in finance income which

selling expenses from new packaging launch for some branded product; 6) higher administrative expenses from higher personnel expenses; 7) higher R&D expenses; 8) higher finance costs due to higher

19.9 25.5 15.9 -20.2% -37.8% Selling and distribution expenses 587.9 568.3 536.7 -8.7% -5.6% Administrative expenses 2/ 315.2 299.2 271.0 -14.0% -9.4% Finance costs 39.8 45.5 84.7 +112.7% +86.0% Other

, accumulated amount of 218.4 million. Due to loss from investments in joint ventures which are on pre-construction period and will recognize revenue in the future. IV Finance Costs Comprising interests from bank