limited for the reason that the 2024 annual Government Statement of Expenditure has not yet been approved. It is expected that the government statement of expenditure approval will be completed in April

amounting to Baht 75 million and increased by Baht 11 million YoY or 17% due to the increase in sale volume partly offset by reduction in freight cost due to reduction in fuel prices. 4. Administrative

since lower freight cost due to lower export volume comparing to 2Q2019. The consolidated SG&A expenses in 2Q2020 were 9. 89% of revenue from sales, increased from 7.62% in 2Q2019. The consolidated SG&A

market and an investment in assets in order to received privileges under investment promotion schemes granted expenditure reduction around 1.5 times. The installation of kiosk takes approximately 4-6

by 3.2%, higher than 2.9% growth in 2015, according to data from Bank of Thailand and NESDB. This was mainly from acceleration of government expenditure and the recovery in both of farm income and

% YoY. Nevertheless, Outdoor media - our focus segment- recorded THB 1,525mn in advertising expenditure, an increase of 3.8% QoQ and 11.0% YoY, benefiting from a shift in people’s behavior to spend more

expenditure of governmental sector and consumer of private sector. Those economic conditions influence the previous Quarter / that the Group gained more revenue from product distribution and service business at

at 3.50%, which will be used for capital expenditure and working capital. PERFORMANCE BY BUSINESS Rental Properties Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 416.7

Exploration and Production Business recorded impairment losses of the exploration and evaluation expenditure from the cease Executive Summary 4 | Management Discussion and Analysis of Business Operation for the

under investment promotion schemes granted expenditure reduction around 1.5 times. However, the expense on the increasing number of kiosks does not frequently happen on account of a long-term investment