an external provider of warehouse and logistics management services, whereas the Company did not incur such expense in the corresponding period of 2018. It was also ascribed to a total increase of

955.30% Gross Profit 418.34 38.05% 633.38 40.90% (215.04) (33.95%) Other Revenue 36.08 3.28% 38.79 2.50% (2.71) (6.99%) Selling Expense (175.92) (16.00%) (154.89) (10.00%) 21.03 13.58% Administrative

% Gross Profit 174.10 38.69% 154.40 39.05% (19.70) (11.32%) Other Revenue 9.63 2.14% 17.14 4.33% 7.51 77.99% Selling Expense (50.80) (11.29%) (54.80) (13.86%) 4.00 7.87% Administrative Expense (42.75) (9.50

-13.36 -14.29 8.20 -61.38 -9.13 -63.89 -18.52 -30.16 11.64 -38.59 Income tax (expense) revenue -0.30 -1.52 -1.56 1.22 -80.26 1.26 -80.77 -1.82 -1.10 -0.72 65.45 Net profit (loss) -5.46 -14.88 -15.85 9.42

405.44 40.55% 302.88 39.22% (102.56) -25.30% Other Revenue 24.06 2.41% 27.99 3.62% 3.93 16.33% Selling Expense (103.76) -10.38% (110.85) -14.35% 7.09 6.83% Administrative Expense (84.64) -8.47% (100.14

Limited Management’s Discussion and Analysis (MD&A) Page 2 of 13 Major Events in 2Q18 Announced new malls in 2019: “Central Village”, a new shopping platform, and “CentralPlaza Ayutthaya” Announcement of

postponed until after the elections are completed and the new government will have clarity and continue the project. The large projects delivered in the Q1–2023 such as the Project of Government platform

in brokerage fee, fee and service income and other revenue on lower market trading volume and fluctuated market condition, Krungthai ZMICO was able to strategically control cost and improve operational

. Expense Sales and Administration Cost In the 2nd quarter of 2019, the company had the selling cost as 8.90 million baht, decreased by 1.05 million baht or 10.55 % compared to the 2nd quarter of 2018 which

million to THB 333.40 million or decreased THB 30.19 million or 8.30% due to the revenue of films’ rights distribution decreased. Cost of Production and Service / Expense of Sale and Management 1. Cost of