foreign exchange gain (loss) has taken into account fair value valuation of derivatives in accordance with TFRS9. 3. Adjusted Net Income is net profit attributed to the Company excluding "fair value of

2019 of 26.14%, has resulted in the company being able to recognize net profit for the company at 95.25% after the 22nd May 2019. Consequently, on the 19th June 2019, the Board of Directors has passed

8.48% comparing to 2017. Cost of Sales and Gross Profit Cost of sales for 2018 was THB 14,263.56 million, an increase of THB 112.64 million or 0.80% up from 2017 while gross profit in 2018 was THB

) (100.00) Net Profit (Excluding Extraordinary Items) 340.61 316.54 24.07 7.60 Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as attached herewith. Please be

instruments measured by fair value through profit or loss”. (The cost is compared with the market price (stock price) and when there is unrealized gain / loss from the comparison, it has been booked in the

manager, all persons holding positions equivalent to the fourth highest person on the management level, including persons holding a manager position in the accounting or finance department or its equivalent

qualified to be appointed as fund manager; (4) “Manager” means a person assigned by the board of directors to take the highest responsibility in managing the company, regardless of the job title; (5

Exchange Commission as qualified to be appointed as fund manager; (4) “Manager” means a person assigned by the board of directors to take the highest responsibility in managing the company, regardless of the

million from the recognition of GLOW’s performance, reflecting strong growth in both the operation of the two businesses and the Company’s net profit, which increased by Baht 659 million. Executive Summary

launch of Singha Complex in late 2018. 2019 Net profit at THB 1,209m, or 16% decline YoY, due to various factors, namely profit margin during early stage of 2 hotels in Crossroads project phase 1