by 418 million baht compared to September 30, 2019 mainly due to the decrease of trade and other payables. In this regard, the Company has shareholders' equity of 3,469.08 million baht, decreased by

comparison with total operating revenue, SG&A per revenue decreased from 7.2% in 2018 to 6.7% in 2019 due to budgeting control policy. Cost and expense from delayed project In the third quarter of 2018, the

1,122.74 1,024.78 97.95 9.56% Shareholders’ equity Issued and paid-up 400.00 400.00 - 0.00% Premium on paid-up capital 305.53 305.53 - 0.00% Share surplus from business combination under common control 20.64

was Bt270mn, represented 8.7% of total revenues from core business, which decreased from last period represented 8.9%, due to effective cost control. Profit 1) Gross profit in 2017 was Bt732mn, an

economy has been pressured from number of factors, namely 1.) Tourism sector was shrinking from travel restriction measures to control the pandemic resulting in lower both local and foreign tourists 2

total revenues from operations. The main reasons come from the increase in gross profit of food ingredient business for THB 29.74 million and the improvement on inventory control over slow moving stock

2. Operating results of the three months ended March 31st Descr iption First quarter of 2020 First quarter of 2019 Profit (Loss) for three months attributable to equity holders of the Company (from

million, which is decreased by Baht 74 million or 8% compared to those of prior year. It is due to the cessation of a subsidiary in the Philippines during 2017 and the control of operating expenses to be

2019 as well as having the enhancing cost control measures. The details of the Company's performance were as follows: 2018 2019 YoY Mio. % Mio. % Mio. % Rental and Service Income 534.1 58.3% 465.9 50.2

751.9 -8.6% Administrative Expenses 346.2 421.2 -17.8% 1,009.1 1,317.8 -23.4% Financial expenses 139.1 -120.6 -215.3% 389.3 331.5 17.4% Income tax expenses Net Profit Attributable to Equity Holders 124.6