revenue breakdown by business segment First quarter (Unit: Million Baht) 2020 2019 Change Change (%) Revenue from sales of real estate 1,626 3,053 (1,427) (47) Revenue from hotel operations 187 290 (103

) Q1/FY2020 Q1/FY2019 change %YoY Total Revenues 1,245.17 1,439.49 (194.32) -13.50% Cost of Sales and Services 1,074.00 1,251.00 (177.00) -14.15% Selling and Administrative Expenses 99.63 103.61 (3.98

as below detailed; 1. Cash and cash equivalent items decreased Baht 275.6 million. 2. Trade and other receivable increased Baht 289.4 million. 3. Revenue Department receivable decreased Baht 26.4

Baht 1,785.3 million as below detailed; 1. Cash and cash equivalent items decreased Baht 144.9 million. 2. Trade and other receivable increased Baht 108.0 million. 3. Revenue Department receivable

summarized; -3- 1. Net cash received from operating activities is Baht 17.1 million, increased by Baht 94.6 million, because of decreased of profit from operation before change in operating assets and

. Financial Position Analysis Unit : MB As at As at Change 30 June 2019 31 December 2018 MB % Cash and cash equivalents 67.34 159.65 (92.31) -57.82 Current investment 102.98 156.04 (53.06) -34.01 Securities

as at 30 September 2019 was 2.49:1. There was not significant change compared to the debt to equity ratio as at 31 December 2018, which was 2.54: 1. 6 Liquidity Cash flows Unit: Million Baht Q3’ 2019

The SEC had an observation on the accounting of the change in NRF Group’s shareholding proportion in Kairous Asia Limited (KAL), which was resulted from the repayment of loan and accrued interest

) 1 (1) Profit for the quarter 9 17 (8) 2.5% 3.9% Consolidated financial information (Unit : Million Baht) 3 Months Change % Change 2 / 3 Operating results by business for the three-month period ended

million. The reason was the operating result of the 1st quarter of 2019 improved cash position by Baht 1,670.15 million, adjusting by the change in operating assets and liabilities in the amount of Baht