%) (18.75) -18% 3. Other income 2.06 3.42 8.31 (1.36) -40% 4. Selling expenses, administrative expenses and financial cost 63.99 63.97 55.22 0.02 0% 5. Income tax expenses 7.23 9.96 9.60 (2.73) -27% 6. Net

  depreciation.    Selling,  General  &  Administrative  expenses  (including  Depreciation  and  amortization) were THB 46.80 million or 14.06%  increase year‐over‐year  from THB 41.03 million  in  1Q19.  The

-1,604 450.22% Administrative expenses -15,501 -9,546 -5,955 62.38% Other expenses - -849 849 -100.00% Total expenses -44,353 -38,460 -5,893 15.32% Profit before finance costs and income tax 12,876 7,312

Baht) Q1 ended 31 March % changes 2020 2019 Increase (decrease) Sales 123,224 169,361 (27.24) Total revenues 135,209 181,787 (25.62) Cost of sales 114,031 166,753 (31.62) Selling and administrative

due to the COVID-19 outbreak impact as well. 2/2 Total selling and administrative expenses for the first three-month were at THB 144.63 million, a decrease of THB 16.46 million or 10% compared to the

cost and administrative expenses amount to Baht 80.86 million, it decreased from the same period of previous year amount to Baht 52.42 million or equivalent to 39.33% which gained from the control of

2020, Selling and Administrative Expenses was 330 MTHB, aligned with Q2 2019, from lower transportation costs which led by decrease of export sales volume offset by unrealized loss on exchange rate. 3

the previous year had amount of Baht 3.36 million, increased by amount of Baht 1.55 million. 4. Selling and administrative expenses for the second quarter of 2020 had amount of Baht 50.18 million

the same period last year due to reversal of provision on doubtful debt amounting to Baht 18 million and cost saving on selling and administrative expenses. Loss from exchange rate amount Baht 3 million

profit margin Selling, general and administrative expenses (“SG&A”) SG&A to revenue ratio share of loss from investments in joint ventures and associates net loss net loss margin VGI PUBLIC COMPANY LIMITED