long term loan plus spread margin and considered as within range of market rate comparing other subordinated loans in Cambodia and exchange rate risk. 4. Total Value and Criteria to Value the Transaction

million Baht in 2018, increasing by 47.9%. The EBITDA for the year 2019 was at 7,190 million Baht, equivalent to the EBITDA Margin of 40%. 4. Operating results of Jasmine Broadband Internet Infrastructure

EBITDA ในปี 2562 อยู่ท่ี 7,190 ล้านบาท คิดเป็น EBITDA Margin ร้อยละ 40 4. กองทุนรวมโครงสร้างพื้นฐานบรอดแบนด์อินเทอร์เน็ต จัสมิน (JASIF) มีผลประกอบการ ดังนี้ 4.1 รายได้รวมในปี 2562 เท่ากับ 6,399 ล้านบาท

of last year. Overall, the Company’s gross profit stood at 19.21 million baht, translating to a gross profit margin of 18.96%. SG&A expenses, other expenses and financial cost The SG&A expenses

the epidemic of Covid 19 which have a negative impact in revenue from real estate business. Therefore, the net profit margin of the Company was (0.63%) and 5.79%, respectively. Conclusion As 31 March

64 64 0 0% • Due to price adjustment and cost control, gross margin of rice business is performed at 23% growth, compensating in declining in gross profit of the restaurant and food centre business

same period in the previous year which had a cost of sales of 35.05 million Baht. The Company's Gross Profit was 9.95 million Baht which had a Gross Profit Margin o{ 23"71%, not much different from

Company’s gross profit margin significantly decreased from 43% in 1Q2019 to 41% in 1Q2020. The lower gross profit margin attributed to revenue mix which is less contribution from revenue from residential

revenue table. 3/4 Gross profit margin of land and houses in the second Quarter 2020 and 2019 were 25.15 % and 25.65 % respectively, decreased 0.0050 %. 4. Expenses 4.1 Selling expenses In the second

with revenue from sales and services of THB 937.9 million, declining THB 308.4 million or 24.7% from the same year of the previous year. Furthermore, gross profit margin declined from 22.1% in the