, without much change to the selling price. 2. Gross Profit was recorded at THB 3,559 million, increased by 22% YoY and 51% QoQ, mainly attributed to the refinery business of which GRM increased to 8.18 $/BBL

Thai Baht currency value of the transaction on the date of entry into the transaction or on each agreed payment instalment date of the agreement may be subject to change and may increase or decrease

decided to renew the contracts with the projects that have appropriate gross profit margin only. Financial performance of management service for the nine-month period (Unit : Million Baht) 2017 2016 Change

non-current assets amounted 1,035.1 million baht, increased 64.0 million baht or 6.6 percent compared to non-current assets as of December 31, 2019. The significant change occurred from changes in

invested in dried fruits business which generates revenue in quarter 1/2020 of 107.34 million Baht, making change to the working capital (e.g. accounts receivable, inventories and accounts payable) in the

54.5 0.3 Gross Profit Margin by Segment 33.8 28.3 25.6 (2.7) (8.2) 33.6 27.6 (6.0) Gross Profit Margin Change Gross profit increase 0.1% QoQ from Baht 463.7 million to Baht 464.1 million. The increase

SAAM Energy Development Public Company Limited - 1 - 21 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 To: The President The Stock Exchange of Thailand

sales strategy to response and attract customers. Financial Position Analysis Unit : MB For the period ended 30 June 2017 For the year ended 31 December 2016 Change MB % Cash and cash equivalents 193.10

mainly from the increase in interest income on loans and hire purchase and financial lease income from loan expansions and partly from the change due to TFRS 9 interest income calculation based on

), amount of capital to be raised, number of units offered, offering price, type of unredeemable units; - Specify the purpose of the REIT fundraising; in case of real estate investment purpose, identify the