compare to 43.37 million baht or 15.28% last year, Reduced by 1.28 million baht or 2.95% decreased. This decrease is the came from better management to compact the organization structure and continuous

Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1

Table 1: Overall Financial Performance Unit: million baht Jan-Sep 2018 % Jan-Sep 2019 % Change % YoY Revenue 380.50 100.0% 440.78 100.0% 60.28 15.8% Cost 217.33 57.1% 238.03 54.0% 20.70 9.5% Gross Profit

like to clarify operating performance of the Company three-month for the Quarter 3/2019 ended 30 September 2019 as the following: change Q3/2019 Q3/2018 increase (decrease) Sales 172.6 171.9 0.4% Other

, decreased by 4.41 million baht or 7.26% decreased. This decrease is the result from a better control of expense thus the compact of the restructuring of the organization structure even in 2019 the company

input cost to the price of the products. Anyway, the economic recession threatens to the price structure that the company can not specify the price change with the corresponding changes of cost

THB 46.3 million, whereas the gross profit margin was going up to be at 12.4%. Revenues The structure of revenues for the three-month and six-month period ended 30 June 2019 and 2018 are as follows

economic recession threatens to the price structure that the Company can not specify the price change with the corresponding changes of cost. Consequently, it affected the profit margin. The Company still

THB 68.3 million, whereas the gross profit margin was going up to be at 12.1%. Revenues The structure of revenues for the three-month and nine-month period ended 30 September 2019 and 2018 are as

profit by THB 43.9 million, whereas the gross profit margin was going up to be at 12.5%. Revenues The structure of revenues for the three-month and six-month period ended 30 June 2020 and 2019 are as