slightly better performance in Hotel Business. A decrease in cost of sales and services, and an increase in SG&A and employee benefit expenses linked with the closure plan of Dusit Thani Bangkok Hotel, was

from hotel business with maintaining flat cost of sales and services together with increase in Other Income, contributed by the gain on sales of long-term investments. This resulted in a 31.0% yoy

reduce the cost of sales and services that are currently available. And the result is good operation. 5.5 Focusing on business expansion to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam), by set up a

Thailand W www.wiik-hoeglund.com Million Baht 2017 (Audited) 2018 (Management statement)  Sales 7.58 14.24  Other income 0.00 2.64 Total income 7.58 16.88 Expenses  Cost of sales 6.68 12.32  Selling

0.11 Cost of sales of residential units - - - - Selling expenses (2.18) (24.30) (15.27) (7.81) Administrative expenses (14.22) (16.16) (17.75) (8.39) Total Expenses (16.40) (40.46) (33.02) (16.20) Profit

decrease in corporate income tax expenses. Meanwhile, electricity revenue and cost of sales were decreased because lower electricity sales and fuel costs unit price, comparing to the same period of the

margin compared to the year Q1/2019 because of the higher cost of sales following to severely drought nationwide including Eastern area. Therefore; gross profit margin and net profit margin were down to

sale 26.51 13.31 - Other Revenue 0.70 0.00 0.01 Total revenue 27.21 13.32 0.01 Cost of sales 20.41 8.00 - operating expenses 14.27 6.77 0.24 Total Expenses 34.68 14.77 0.24 Operating Profit(loss) (7.47

1.71 Total revenues 1,825.45 100.00 1,937.75 100.00 1,929.50 100.00 1,505.60 100.00 1,366.29 100.00 Cost of sales and services (773.35) (42.37) (798.09) (41.19) (807.13) (41.83) (629.87) (41.84) (598.66

expenses and administrative expenses with details as follows: Unit: million baht January-March 2020 % 2019 % Variance Amount % 1. Cost of sales and services 4,987.6 74.6 5,888.9 85.1 (901.3) (15.3