tax expenses -5.80 -4.89 0.91 19% Net income for period 24.74 23.17 1.57 7% Earnings per share (THB) 0.08 0.08 0.00 0% FY 2018 FY 2017 YoY change YoY % change Unit: Million Thai Baht (THB) Sales and

% Finance cost -5.95 -0.92 5.03 548% Income tax expenses -2.67 -0.94 1.73 185% Net income for period 13.66 10.49 3.17 30% Earnings per share (THB) 0.05 0.03 0.02 59% FY 2018 FY 2017 YoY change YoY % change

growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome

from THB 37.7 Mn to THB 22.1 Mn respectively, a decrease of THB 15.6 Mn or 41.4% and the net profit margin decreased from 5.0% to 2.8%. The main reason was negative Same-Store Sales Growth due to the

investors. However, the underwriter is required to purchase those shares at a later date, resulting in higher demand when share price is below initial public offering price. In contrary, higher number of

in Hotel Business. Other Business growth came from the gain from the sale of investments, the share of profit from investment in food business (as invested in 1Q18), and gain on foreign exchange rate

negative income taxes. On a 9-month basis, total revenues grew by 82% YoY, primarily from a significant improvement of residential business and organic growth of hotel business. On the contrary, EBT and net

will focus on distributing it products through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption, negative factors

recorded negative earnings before interest and taxes of 490 million Baht (222% of total revenue) or by 476 million Baht as compare to 3Q 2018. Finance Costs In 3Q 2019, the Company had total interest paid of

has had an effect on the Company since the 1st quarter ago. However, in the 6-month period of 2020, the Company could generate cash flow from operation amounted to Baht 134.62 million from the negative