margin to enhance net profit margin in its core business and revenues from Synergy among Jaymart Group of Company. Moreover, the Company was able to increase other revenues – food and beverage business and

repayment of long-term borrowing in the solar energy business. • Trade and other payables decreased by Baht (34.78) million as due of payment. December 31 December 31 2018 2017 Change Current assets 927.84

Microsoft Word - MD&A_E Q3_2562 ต้นฉบับ Management Discussion and Analysis: MD&A 1. Company Situation The company’s core business revenue for Q3/2019 has been going steady, no major increase or

) completely and also certified the standard on Waste Process Enhancement Project for waste management operator in the gold medal level. For the real estate business, the Company was the sales amount from the

business, most of the revenue come from condominium project and commercial building project. Genco and its subsidiary have signed agreements to sell their piece of land and both agreements are due in Q3/2018

period of the previous year, mostly from Gross profit of UAPC increased Baht 30.15 million. Gross profit margin decreased due to the higher competition in Trading business resulted in - Gross profit margin

1 Translation CEN 013-2019 August 14, 2019 Subject Management discussion and analysis for business operation Quarter 2-2019 To The Manager and President The Stock Exchange of Thailand Operating

which increased from December 31, 2019 by 40.4 MB as a result of the increase in cash and cash equivalents by 12.9 MB, the increase of trade and other receivables by 0.3 MB, increase in inventory by 17.9

the Company, the “Group”. Business categories by 12 mo. Ended 31 Dec. % Change 2018 2017 THB Mil % THB Mil. % Sales 1. Sales from dessert café Company 838.23 95.17 704.29 95.77 19.02 2. Catering/ OEM

1 Translation CEN 015-2019 November 14, 2019 Subject : Management Discussion and Analysis for business operation in Quarter 3-2019 To : The Manager and President The Stock Exchange of Thailand