total revenue of Dealership businesses was mainly came from growth in Malaysian Dealership while no growth from Thailand dealership. Cost of sales and services increased in accordance with higher sales

million for advertising expenses, while no such expenses in 2016. 3.3 Administrative expenses for the year 2017 increased when compared to 2016 by the amount of Baht 91.42 million or 22.52%. Details of

from Baht 612 million in year-end 2017 to be Baht 704 million in Q1/2018, or 14.99% increased resulting from the higher Q1/2018 sales value than those of Q4/2017. While inventory showed Baht 471 million

end of 2017. The Company’s debt to equity ratio was 1.59 times while the interest bearing debt to equity ratio was 1.29 times. Management Discussion and Analysis Q1/2018 Page 4/4 JAS Asset Public

follows: I. The operating revenue break down by business segment In the first quarter of 2018, the Company and its subsidiaries’ revenues from sales of real estate decreased while the property rentals

ester sales volume in FY2017 of 344,173 tons, or rose by 9%. While fatty alcohols in FY2018 was sold at 114,784 tons, increased by 3,632 tons or 3% from FY2017. However, the company reported sales revenue

2017 to be Baht 546 million in ending 2018, or 16.78% increased resulting from higher inventory purchase volume. While trade accounts receivable was decreased by Baht 34 million from Baht 612 million in

% from 2017) the core net profit of THB 330 million in 2018 (an increase of 419.5% yoy). Those extraordinary items included net gain on sales of Dusit Princess Korat Hotel of THB 203 million in 4Q17, while

interim dividend paid-out. As ending of Q3/2019, the Company’s total debt to equity ratio stood at 1.90 times while interest bearing debt to equity ratio was 1.70 times. Looking forward The Company’s

Mega Home while same store sales of Mega Home was flat, as well as an increase in service income under ‚Home Service‛. - Rental and service income amounted to Baht 2,207.08 million, an increase of Baht