(61.85) (322.30) (64.23) (10,529.51) Total expenses (181.17) (944.09) (286.38) (46,947.54) Profit (Loss) before tax (172.69) (899.90) (274.97) (45,077.05) Tax - - - - Net Profit (loss) for the period

risks efficiently. “complex investment in derivatives” means complex strategic investment in derivatives or investment in exotic derivatives; “net exposure” means the net investment value which is derived

debt and low agricultural prices continued to have an adverse effect on purchasing power. Tourism has been dampened by the deterioration in Chinese tourist arrivals during the first half of 2019. The

financial 0.18 0.75 (0.57) (75.47) Expenses of tax income 23.25 16.52 6.73 40.75 Net income 107.55 82.16 25.40 30.91 Profit sharing Attributed to the shareholders of the Company 89.70 77.18 12.52 16.22

value of the associates for the year 2017 and the total amount Consolidated Separate Amount Change Amount Change 2017 2016 Amount % 2017 2016 Amount % Revenue from sale – net 1,444.62 1,370.78 73.84 5

Quarter 1 Consolidated Separate 3 months Change 3 months Change 2018 2017 Amount % 2018 2017 Amount % Revenue from sale – net 370.47 402.43 -31.97 -8% 364.64 398.50 -33.86 -8% Other incomes 11.06 7.31 3.75

% compared with the same period of last year and generated the net profit for the year attributable to Owners of the parent by THB 76. 74 Million which was decreased by THB 58.89 Million or 329.92% compared

debt in amount of THB 12,183.7 million. Furthermore, the Company obtained additional loan from financial institutions for Project Crossroads Phase 1 development costs leading to the increase of IBD/E

DCORP 041/2020 August 13, 2020 Subject Management Discussion and Analysis – Explanation of net profit for the quarter ended June 30, 2020 and the increase in the overall operations of more than 20 percent

reviewed by the certified auditors of the Company are as follows: No Criteria Calculation Formula Transaction size 1 Net Tangible Assets (NAT) Criteria Cannot be calculated since disposed asset is not