quarter of THB 1,447.2mn, an increase of THB 1,012.7mn or 233.1% compared to the same period last year. Total operating expenses constituted of the following: 1) Cost of hotel operation of THB 577.8mn

4.2 449.0 17,672.1 Profit before finance cost and income tax expenses 1,230.1 30.6 3,319.3 31.0 2,089.2 169.8 Finance cost 3.2 0.1 177.3 1.7 174.1 5,368.0 Profit before income tax expense 1,226.9 30.6

1: Overall Financial Performance Unit: million baht Jan-Mar 2019 % Jan-Mar 2020 % Change % YoY Revenue 132.54 100.0% 179.21 100.0% 46.67 35.2% Cost (73.41) (55.4%) (93.71) (52.3%) (20.30) 27.7% Gross

country’s total biodiesel production capacity, consequently, there was price competition of B100; together with glycerin price in global market decreased and crude palm oil price remained low. 4. Finance Cost

global market decreased and crude palm oil price remained low. 4. Finance Cost decreased Baht 5.16 million or 24.54% from the corresponding period of the previous year due to a decrease in liabilities. 5

is not able to increase the selling price in the current economic conditions. The company has a higher gross margin comparing to the same period from 10 .4 % to 15 .5 % because the lower cost of the

percent, respectively. The increase in gross profit margin was mainly because the average unit selling price increased at a higher rate than the increase in the average cost of sales per unit. Such increase

to (1) reversal of provision for decommissioning costs and (2) higher membership fee income. Cost of Sales and Services Item For the Year Ending 31 Dec 2017 2018 THB Mn % (1) THB Mn % (1) Revenue from

6,789.8 100.0 132.5 2.0 Expenses Cost of real estate sales 3,348.1 50.3 3,316.0 48.8 (32.1) (1.0) Selling expenses 800.3 12.0 1,126.2 16.6 325.9 40.7 Administrative expenses 185.6 2.8 255.0 3.8 69.3 37.3

another expense which was a fixed cost that continues to occur even if the revenue was decreased. Financial Analysis of the company As of September 30, 2018, the Company has financial position that changed