Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 2 of 8 Discussion of results of operations Consolidated financial statements 9 Months 2018 9 Months 2019 % Change
measures to curb risky credit, will slow the pace of bank lending compared to last year. Meanwhile, the commercial banking system will have to manage its liquidity to be in line with Bank of Thailand
material incidents which affect operation of REIT (Milestone) in the past year, for instance, increase of investment or asset disposal of REIT, modification of trust instrument, change in major lessees, and
contract with some retailer which resulted in reduced sales volume since late Q4/2017. However, export CMG sales could manage to increase 11% QoQ. 2018 Sales Revenue The Company and its subsidiaries recorded
Limited would like to explain and analyze the operating result of the change for the year 2019 ending December 31, 2019 with the details as follows: Unit : million baht Statement of financial position 2019
(“the Company”) would like to clarify operating performance of the Company three-month for the Quarter 1/2021 ended 31 March 2021 are as follows: change Q1/2021 Q1/2020 increase (decrease) Sales 266.5
landscape brought about by the change in people’s lifestyles and the way people consume media. The increasing popularity of mobile phones (or smartphones) as made content more accessible and ever-present
Comprehensive Income (Unit : Million Baht) 2Q2020 2Q2019 % Change YoY 6M2020 6M2019 % Change YoY Revenue from hospital operations 2,082.60 2,137.02 -2.55% 4,260.63 4,215.11 1.08% Other income 18.98 27.92 -32.02
whole or in part, to manage the business of the securities company only with the approval from the Office. In cases where it later appears that the persons under the first paragraph have the prohibited
whole or in part, to manage the business of the securities company only with the approval from the Office. In cases where it later appears that the persons under the first paragraph have the prohibited