Sales 51 .73 43.04 43.80 42.90 0.90 2"1C] Other Revenue 1.03 0.7B 1.00 0.78 4.22 28.21 Total Revenue 52.76 43.82 44-80 43.68 1.12 2-56 Costs of Sales 36.44 34.07 33.62 33.99 (0.37) (1.0e) Selling Expenses

divided into 400,000 ordinary shares, valuing at Baht 10 each and fully paid. On July 12, 2019, HKP has entered into the Power Purchase Agreement for Hin Kong Power Project in Hin Kong Sub-district, Muang

income - net of tax 0.68 0.00 0.68 100.00% Total Comprehensive income for the Year (3.20) 21.69 (24.89) (114.75%) Profit Sharing for the Year - The Company’s Equity (4.44) 22.06 (26.50) (120.13%) - Non

4,880 3,069 59% 6,033 -19% Total revenue 710,182 900,285 -21% 877,241 -19% Profit / (Loss) before interest and taxation (89,303) (70,776) -26% (61,057) -46% Margin -13% -8% -7% Profit / (Loss) for the

by Certified Public Accountant as follows: 1. Total revenues were Baht 1,108.92 million, an increase of Baht 691.90 million or 165.92% from the same period of last year. This was due to the following

and its subsidiaries’ operating results for the quarter ended September 30th, 2018 Unit: THB Million Q3/2017 (Restate) Q2/2018 Q3/2018 YoY QoQ 9M2017 (Restate) 9M2018 YoY Total Revenue 39,009 45,558

1 of 9 Management’s Discussion and Analysis for the performance of the year 2019 Business Overview For the ended of the year 2019, S Hotels and Resorts Public Company Limited (“the Company”) had total

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 15 MAY 2019 U CITY PCL 1Q 2019 - MD&A (for three-month period ended 31 March 2019) 1 U CITY PCL 1Q 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by

contracting since the year 2014. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio at the end of 1Q18 declined to 4.7% from 5.0% at the end of 2017. On Special 3 Asset Management business

market shares (SET and mai excluding proprietary trading) of Phatra Securities Plc. (PSEC) was at 4.7%, at same level as in 2017, ranking 7th from total 38 brokers. For products and services during 1Q18