fragile, others remained mired in uncertainty in terms of new modes of competition, a broader marketplace within the ASEAN Economic Community (AEC) and the digital age, along with external changes

strain of corona virus (COVID-19) has affected the global economy, society, and way of life like never before. The hospitality business and related industries are directly and severely affected, due to the

BUSINESS PLAN AND OUTLOOK The pandemic from a new strain of corona virus (COVID-19) has affected the global economy, society, and way of life like never before. The hospitality business and related

Thai economy in the third quarter was still affected by the prolonged COVID-19 outbreak and the uncertainty of the epidemic situation of the new Omicron strain of COVID-19. In order that, the

percent from previous year, compared with the net profit of Baht 208.18 million in previous year. This is due to the higher intensive competition in stainless steel pipes aluminum and copper in the market

and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 3

competition in a restaurant business and a continuous economic slowdown in both counties. In 1Q18, the Company generated revenues from the food and bakery wholesales in the amount of THB 145 Million which

competition and resulted into slower sales in B2B as well. Adopting to the changing consumer behavior where consumers are transitioning to apply technology for their purchases, the Company is expanding its

profit margin of the certain residential projects was also decreased as a higher competition. The decrease in sales and slightly increase in gross profit margin in 1 and 2 make a decrease of 2,273.79

to the Group company has reorganized the structure to be more flexible and to increase ability and efficiency in business competition. Loss on temporary investment Loss on temporary investment amounts