operations THB mm 232 367 (36.9) Management Discussion & Analysis Q1/2020 For the three-month period ended 31 March 2020, revenues from hotel business has a decrease 36.9 % compared to the same quarter of

.) The revenue from sales decreased 9% compared with the same period mainly from lower sales volume, while cost of sales were decreased 10% resulting in the gross margin increased 1%. By the first quarter

ended March 31, 2020 compared with the same period in 2019 which had total revenues 1,455.24 million baht and net profit 151.14 million baht. The above performance was from these following reasons

, EBITDA in quarter 1/2020 of 17.20 million Baht, an increase of 32% and 16% from the same period last year and the previous quarter, respectively. Food Business Group Processed foods and dried fruits

(110.05%) by compared with the net profit at 53.99 million baht same period at last year. The changing over than 20% from the main causes as follows: 1. Revenues from service amount of 277.62 million baht

ended June 30, 2020 compared with the same period in 2019 which had total revenues 1,227.22 million baht and net loss 14.10 million baht. The above performance was from these following reasons: - Sales

revenue from sales. The company has a higher gross margin comparing to the same period from 15.5% to 23.4% because the company is able to manage production efficiently from the opening of new factories

and property development business division totally 282.7 million Baht compared with same period of year 2018 amounted 302.8 million Baht, decreased the amount of 20.1 million Baht or 6.6 percent. For

, a decrease of 93.90 million Baht or 37.07% from the same period last year. The main factor of the decrease revenue came from the transfer of real estate which decrease by 118.82 million baht or a

Baht, increasing 285.58% compared to the same period last year due to the adjustment of the allowance for impairment of long term investments. The company has an impairment loss of investment in IGEN