Company’s Statement of Income (Unit: Thousand THB) Dec 31, 2017 Dec 31, 2018 Total Revenue 179,704.12 138,594.13 Cost of Sales 141,814.49 108,039.77 Selling Expenses 10,594.75 ,. Administrative Expenses

% Other income 1.40 4.25 (2.85) (67.06%) 4 Profit before expenses 81.66 60.77 20.89 34.38% Selling expenses (1.38) (4.49) (3.11) (69.27%) 5 Administrative expenses (39.93) (37.82) 2.11 5.58% Finance costs

(50.7) (11.9) 18 ASIA’S BOUTIQUE AIRLINE Expenses Expenses consist of costs of sales and services, selling expenses and administrative expenses with details as follows: Unit: million baht April-June

comparison million or net profit o Summary The Operatin venues : Revenues from services Other income Total rev penses : Cost of sales an Administrative expenses Total ex are of profit o associated com nance

and administrative expenses were Baht 144 million higher than last year, due to unrealized loss on foreign currency exchange rate (amount of Baht 76 million) mainly related to the loan given to SGAH

economies of scale when the revenue from sales of condominium units decreased. Selling and Administrative Expenses (SG&A) SG&A in 1Q18was THB 206.8mn, increased THB 18.5mn or 9.8% YoY from THB 188.2mn in 1Q17

year were high selling price units. Gross profit from F&B business was THB 4.4mn, represented GPM of 40.6%. Selling and Administrative Expenses (SG&A) SG&A in 2Q18 was THB 191.7mn, increased 7.8% YoY or

the increase of selling general and administrative expenses (SG&A). The return on equity for full year comparison increased from 18. 7 percent in 9M 2017 to 19. 7 percent in 9M 2018 as well as the

. For the year 2018, there was the reversed entry of the allowance for doubtful accounts greater than this year for 2.43 Million Baht. 4. There is an increase in administrative costs due to the increase

Million Baht decreased or 26.38 percent when compared to same period of previous as amount of 45.80 Million Baht due to decline on sale which cause decline in delivery  Administrative expenses of 208.47