) 2018 2019 MB % Revenues from sales and rendering services 2,632.52 2,776.38 143.86 5.46% Revenues from hotel operations 105.72 88.28 -17.45 -16.50% Total revenue 2,738.25 2,864.65 126.41 4.62% Cost of

% Revenues from sales and rendering services 2,632.52 2,776.38 143.86 5.46% Revenues from hotel operations 105.72 88.28 -17.45 -16.50% Total revenue 2,738.25 2,864.65 126.41 4.62% Cost of goods sold and

) (23.90%) 3 - Construction 343.54 192.48 151.06 78.48% 4 - Testing and Inspection 15.83 16.83 (1.00) (5.94%) 5 Cost of sales and services (494.89) (362.98) 131.91 36.34% Gross Profit 56.52 44.38 12.14 27.35

) Gross profit margin (%) 32.30 32.67 (0.36) (1.11) Total revenue 4,602,686 4,713,138 (110,452) (2.34) Total Cost & Expense 4,401,175 4,385,762 15,413 0.35 Selling & Admin. Expense 1,010,766 947,221 63,546

with the same period of last year. The income statement in brief is presented as following: Unit : Million THB Revenues from Sale 391.51 100.00% 217.59 100.00% 173.92 79.93% Cost of Sales 215.40 55.02

margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW

49.34 17.69% Finance cost 49.11 68.10 18.99 38.67% Income tax expenses 48.04 57.52 9.48 19.73% Net profit 181.71 202.58 20.87 11.49% Net profit ratio (ROS) 17.16% 15.74% Earnings per share (Baht) 0.34

% Finance cost 18.41 36.80 18.39 99.89% Income tax expenses 22.21 28.27 6.06 27.29% Net profit 80.50 95.26 14.76 18.34% Net profit ratio (ROS) 18.98% 20.67% Earnings per share (Baht) 0.13 0.16 0.03 23.08

stage profit margin of 2 hotels in Crossroads project phase 1 which commercially launched in September 2019, an increase in financial cost due to business expansion, growth in income tax expense pressured

success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue. Due to this