Page 1 of 9 Singha Estate Public Company Limited Management Discussion and Analysis 2Q20 Executive Summary Since May 2020, restriction has gradually been lifted and lockdown measure started to be

which the Company has invested since January 2017. Cost of Sales and Gross Profit Unit : THB mm Unless otherwise stated For the six-month period ended 30 June 2017 2016 Total sales 330.16 288.62 Cost of

because its price was more attractive than synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols

quarter of 2019. The Company’s net profit has increased by 133.43 million Baht or 175.69%. Due to the increased in biodiesel sold since the Ministry of Energy has increased the proportion of biodiesel

Financial Reporting Standards No. 16 since the beginning of this year. Causing the subsidiary companies to record the rental decreased. Management Discussion and Analysis, Q1/2020 Page 3/ 7 Jaymart Public

investment properties increased by 45%, compared to the same period of last year. Because, on 6 November 2015, the Company sold assets to WHA Business Complex Freehold and Leasehold Real Estate Investment

million, decreased by THB 245 million or 85% from the same quarter of the previous year, despite, fatty alcohol business had contributed EBITDA of THB 156 million. This was because the methyl ester business

of the year 2017. 3. Water Resources As of 24 July 2017 , the water supply situation in Chonburi and Rayong province improved compared to the same period of the year 2 0 1 6 because of the rainfall in

buyer to purchase shares of Myanmar SPA-Today-Far East Company Limited and because of the restructuring of the Company’s operations to achieve more flexibility and efficiency. As a result that Myanmar SPA

since real estate business is the significant driving force of the economy. The government has thus issued measures to boost the real estate market i.e. tax deduction of up to 200,000 THB for first time