to THB 10.1mn from THB 12.7mn in 9M18 due to the F&B business setup cost during 2018, as explained above. Gross Profit and Gross Profit Margin (GPM) In 3Q19, gross profit from sales of real estate was

the year 2018. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

Profit (Including Extraordinary Items) 182.59 132.05 50.54 38.27 Extraordinary Items are as follows; (1) Less Gain on sale of unused land 10.18 - 10.18 100.00 (2) Plus Provision for employee retirement

(down 40% yoy) because FA EBITDA margin was decreased from lower Market P2F margin. However, the company recognized profit of THB 27 million from investments in the Thai Ethoxylate Company Limited (TEX

by the following reasons: Faucet and plumbing business group 1. . Revenue from sales and services - faucet and plumbing business Of the company increased from 292.12 million baht to 308.09 million baht

year ended 31 December 2019 E X E C U T IV E S U M M A R Y F IN A N C IA L P E R F O R M A N C E F U T U R E O U T LO O K Key Highlights 2 Q4/2019 vs Q4/2018 2019 VS 2018 • ILM reported net profit in

1,171 -296 -25.3% Education business 108 118 -10 -8.5% Food business 116 90 26 28.9% Others 163 46 117 254.3% Total revenue 1,262 1,425 -163 -11.4% EBITDA 241 222 19 8.6% EBIT 39 107 -68 -63.6% Net profit

rental and rendering of services 140.6 134.9 83.5 -40.6% -38.1% 266.8 218.3 -18.2% Operating revenue 2,394.4 2,211.1 1,829.8 -23.6% -17.2% 4,820.4 4,040.8 -16.2% Gross profit 1,058.2 1,015.3 767.1 -27.5

MARCH 2020 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page 2/20 Overview of Business Operation LH Financial Group Public Company

& Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 Executive Summary Executive Summary For 2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) earned a net profit of