Diplomat 39 due to unit transferred and revenue recognition in 3Q19. However, on the other hand, the backlog in this quarter increased by presales value of TAIT 12 and The Estelle Phrom Phong from

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 1 U CITY PCL 1Q 2020 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by

of delivery and retail merchandise increased by boosting sales through these channels in response to the changing consumer behavior and later on in response to COVID-19 crisis. Sales of retail

previous year. On the other hand, revenue from sale of RATCH-Australia Corporation Pty Ltd, a subsidiary, increased in the amount of THB 112.60 million, due to the commencement of commercial operation of

for an increased level of production and the Company’s aggressive growth from 2018 onwards; 3) cost from trial runs and start-up of a new production line for some products, driving higher yield loss and

1,548 million liters, with the growth rate increased by 4.1%(y-o-y) and the total flights increased by 4.6%(y-o-y) to 75,850 flights. Such the growth were mainly driven by the removal of International

production volumes supported by an increase in capacity utilization of Phase 3 at the new plant. After the Company’s investments undertaken in 2018, available capacity increased in 2H2018, but volume decreased

in 1st quarter – 3rd quarter increased due to high demand of HDPE resin in China. This led to increasing of the production cost of the Company. Analysis of the operating results of WIIK and Subsidiary

of this products of the company to decrease. However, the company has increased online distribution channels as a choice for new generation customers. It is expected that the domestic market will

13.73 324, 326 Pattanakarn Soi 30 Pattanakarn Road Khwaeng Suan Luang, Khet Suan Luang Bangkok 10250 Tel: 02-318-4488 Fax: 02-318-0022 For the three-month period ended 31 March 2017, sales increased from