MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 1 U CITY PCL 1Q 2020 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by

the year 2023, is as follows: Revenue from sales and services amounted to THB 3,747.82 million increased by 4.50% Gross Profit amounted to THB 340.67 million increased by 8.28% Net Profit amounted to

mainly by the drop of revenue from sales and services, resulting from temporary closure of hotels, schools, and food/catering outlets. The impact was lessened from the Company’s continuing efforts from

from deferred tax for the amount of THB 28.6 million. The net amount after amortization was 24.1 million in year 2017 Revenue from Hospital Operations Revenue from hospital operations in the fourth

follows. Performance Analysis For the Quarter 2-2017, the Company and its subsidiaries had total revenue of 304.05 million baht, an increase of 48.00 million baht or 18.75 percent, with the total net loss

million which details are as following; (1) Revenue from sales In the second quarter of 2019, the Company and its subsidiaries had total revenue from sales at the amount of Baht 509.73 million, which

had the net profit in the amount of Baht 794 Million representing an increase from the same quarter of the previous year by Baht 71 Million or 9.8 percent. The Company had revenue from Expressway

purchase and sale land in CBD for 2 new projects that will be launched in 2019. For food and beverage business, this second quarter is the first full quarter that we recognize revenue from the joint venture

, 2018 with details as follow; unit: million baht Items 6-month period ended 2017 6-month period ended 2018 changes Amount % Amount % Amount % Revenue from sales of goods . . . . . . Cost of sales of goods

shareholder, resulting in company now holding 52.80 shares; making GWM’s status changing from an affiliate Company to subsidiary in 2018. GWM’s revenue of the 9 months period show 46.45 Million Baht increase