the businesses in subsidiaries and associated the Company investing had improved operating results when compared to the same period last year. The business of mobile phone distribution business

Osotspa Public Company Limited Q1’19 Management Discussion & Analysis 14 May 2019 Q1’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q1’19 Net profit* was at THB 888 million

at THB 710 million, +7.5% YoY, with net profit* margin of 11.3%, +20 bps YoY. 1H’19 Net profit* was at THB 1,599 million, +10.7% YoY, with 1H’19 net profit* margin of 12.6%, +60 bps YoY. Excluding the

%) 100.00% 148.40% Cost of sales (34.89 ) (48.06 ) 13.17 (27.41%) (76.73%) (105.71%) Gross Profit 10.58 19.41 (8.83 ) (45.50%) 23.27% 28.77% Other income 3.02 2.78 0.24 8.53% 6.64% 4.12% Distribution costs

designated as the operator of the instant and semi-instant food manufacturing and distribution business as well as the supply, manufacturing and distribution of raw materials and food ingredients to various

. Transaction Date Month Year: January 1, 2020 - December 31, 2020 1 year period 2. Party Concerned: Tiger Distribution and Logistics Co., Ltd that has registered capital amount of Baht 20,000,000. Its core

newspaper production, and termination of newspaper printing at the Company’s Printing and Distribution Center. In addition, the Company would like to clarify the operating results, which loss decreased from

sales and service income at 707 million baht for and net loss 50 million baht. By order of the operating results for the Second quarter of 2020 and year 2019 are summarized below Company performance For

overall sales volume, the Company and its subsidiaries brought 1.6% growth of Gross profit margin versus 2017 by the strong contribution of Epicerol® business. 2. In 2018, distribution costs, administrative

%) (50.51) (83%) Non-controlling interest 3.37 1% (10.19) (2%) 13.56 133% Profit (loss) (6.84) (1%) (70.91) (15%) (64.07) (90%) The Group’s total revenue for the second quarter 2019 was at THB 601.23 million