cost reduction initiatives. Although, some variable cost returned after re-opening such as utilities, outsource services upon scale of business operations. Nonetheless, unnecessary expenses at

. Although the sales revenue decreased, but the company was still able to control the cost effectively. Gross Profit Margin and Net Profit Margin was at 52.89% and 32.74% respectively, while Return on Equity

THB 887.7mn while that of 1H19 was THB 2,351.6mn. Of which, THB 685.6mn and THB 2,072.0mn, respectively, were from sales of real estate • Gross profit from sales of real estate in 2Q19 was THB 179.1mn

return and suitable for the industry, while 3rd party product for distribution amount to THB 234 million, up by THB 29 million or 14% due to greater variety of products. The Group modernize the “Carabao

concerning health and esthetics. 2. Overview of operating results in the Quarter 3’2018. Although the global economy as risk from international of political tensions and economic, and the uncertainty of US

a holding company has investments in retail and financial businesses. During the second quarter, the company passed the coronavirus outbreak ("COVID-19"). Although the situation of the COVID- 19

beginning of this year, the Company had gain on exchange rate while the Thai Baht value appreciated against US Dollar and the Company had loss on exchange rate in last year As a result of above reason, the

Sriracha Power Plant does not caused the decrease in gross profit while the drop in revenue of IRPC-CP Phase 1 slightly decreased the gross profit. The gross profit decreased by Baht 57 million or 5% from Q2

, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices while Fuel tariff (Ft) rate remained constant; therefore, the gross profits of Rayong Central Utility

decreased by 20.32 million baht comparing with Q3/17 and decreased by 23.19 million baht comparing with Q4/16 due to the decrease of export to Malaysia. Although, exports to India have increased, but the