to the expansion of the electric train network to more outer city locations. In addition, this group of customers has the objective of buying for real residence and there is still fluctuation of demand

more outer city locations. In addition, this group of customers has the objective of buying for real residence and there is still fluctuation of demand lower than condominiums. Therefore considered as a

structure The Company continues to emphasize the efficiency of management of financial structure, be flexible in time of economic fluctuation and maintain financial costs to be appropriate for business

borrowings, decreasing from 75% of fiscal year 2018. To manage risk that might occur from the fluctuation in currency and interest rate of long-term a debenture in foreign currencies, the Company has entered

financial stability and liquidity must be sufficient in order to build confidence in the performance of the Company. The details are as follows: 1. In spite of economic fluctuation, high domestic household

or represented 59% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency interest rate swap contracts to hedge its debt. In

% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency interest rate swap contracts to hedge its debt. In addition, the Company

/decreased from 6 the previous year to manage risk that might occur from the fluctuation in interest rate. However, for the risk of currency, the Company has entered cross currency interest rate swap contracts

could not able to raise the price. EBITDA in the year 2019 and 2018 amounted THB 70.6 MB and THB 83.9 MB respectively. change 2019 2018 increase (decrease) Sales 760.2 841.1 -9.6% Other income 35.1 29.9

: Overall Financial Performance Unit: million baht Jan-Dec 2018 % Jan-Dec 2019 % Change % YoY Revenue 523.23 100.0% 613.86 100.0% 90.63 17.3% Cost 285.52 54.6% 332.39 54.1% 46.87 16.4% Gross Profit 237.71