profit 1,876.0 2,077.6 -9.7% 5,696.9 6,180.7 -7.8% SG&A 1,158.6 1,100.0 5.3% 3,610.5 3,333.3 8.3% Selling and distribution expenses 825.3 809.6 1.9% 2,594.7 2,470.5 5.0% Administrative expenses 333.3 290.4

contract should be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Group immediately recorded

Administrative Expenses The consolidated SG&A expenses in 1Q2020 equaled to THB 330.85 million, decreased by THB 3.22 million or 0.97% down from 1Q2019. The Consolidated SG&A expenses decreased since lower freight

investment properties, reverse effective interest rate on loan, professional fees, land transfer fees and sales & marketing expenses for the launch of new residential projects THB m % THB m % Revenue from

Total revenues * 3,695.63 4,387.88 (692.25) (15.8) 8,202.41 8,402.21 (199.80) (2.4) Total cost and expenses * 3,163.18 2,211.89 951.29 43.0 5,686.11 4,522.99 1,163.12 25.7 EBITDA 1,926.64 3,043.75

0.9 (99.5%) (91.8%) 25.1 173.9 592.8% Profit before expenses 383.5 713.1 388.3 (45.5%) 1.3% 723.8 1,101.4 52.2% Gain (loss) on forward contracts - 49.5 (50.8) N.A. (

N.A.(>100) N.A.(>100) - 2.2 N.A.(>100) Other income 1.8 0.9 3.0 233.3% 66.7% 26.9 176.9 557.6% Profit before expenses 420.8 388.3 505.9 30.3% 20.2% 1,144.6 1,607.3 40.4% Gain (loss) on forward contracts

0.9 2.0 5.1 155.0% 466.7% 173.9 7.1 (95.9%) Profit before expenses 337.5 507.7 506.1 (0.3%) 50.0% 1,100.1 1,013.8 (7.8%) Administrative expenses (77.2) (84.7) (82.1) (3.1%) 6.3% (165.2) (166.8) 1.0

Margin (%) 13.0% 10.0% 2.9% SG&A expenses 406.0 438.5 -32.5 -7.4% Loss on exchange rate 237.0 31.0 206.0 664.8% EBIT before share of profit (loss) from investment in associates and joint venture 452.7

: million Baht ) 2017 Percentage 2016 Percentage Total income and other income 59.05 100.00 239.69 100.00 Costs 22.39 37.92 144.41 60.25 Administrative expenses, impairment finance costs and share of loss