CMG revenues when goods are ready for transfer to customers (precisely after incubation period) and not when it has been transferred. This impacted the Company and its subsidiaries’ financial statement

recognize CMG revenues when goods are ready for transfer to customers (precisely after incubation period) and not when it has been transferred. This impacted the Company and its subsidiaries’ financial

(unit : Bt million) 1.1 Revenue For Q2/2019 and the first six months of 2019, total revenues of the Group were Bt949.0 million and Bt1,980.2 million which have increasing by 2.5%(y-o-y) and 4.1%(y-o-y

Discussion and Analysis of the Company’s Performance for the six-month period ended June 30, 2019 Baht Million 2018 2019 +/(-) +/(-) % Total revenues 698.03 870.11 172.08 24.65% EBIT 211.15 233.72 22.57 10.69

60.6 Other incomes 112.08 209.37 (97.29) (46.5) Total revenues 3,397.34 3,516.19 (118.85) (3.4) Cost of sale and rendering of services (excluding Fuel Cost) 1,194.84 1,337.90 (143.06) (10.7

revenue of previous year. The cost of goods sold of the company and its subsidiaries increased by 6.1 percent compared with the same period last year. While revenues from sales and services increased by 5.3

expense to total revenue ratio for the nine-month period ended 30 September 2017 and 2018 were 11.85% and 13.55%, respectively. Baht Million 9M/60 9M/61 +/(-) +/(-) % Total revenues 873.61 1,058.85 185.24

Revenue For Q3/2018 and the nine months of 2018, total revenues of the Group were Bt940.5 million and Bt2,843.6 million which increased by 6.1%(y-o-y) and 4.7%(y-o-y) and comprised of ;- 1.1.1 Services

(% #$P \% ! +(" market education K 170 !+#L) 950 )M()* !(! #$P %O! (excess of revenues over expenses) ̀* %&'()**#P %#$ ` 16 C#T !K)Q %'$".' governance structure SET ()* !*#$.#*!!K̀ key success factor

in revenues from the acquisition of the Outrigger Hotel in June 12, 2018. The Cost of services for the Outrigger Hotel consists of costs relating to hotel rooms, food and beverage costs and