the main customers in South America expanded more branches which lead to increase in the sales volume this quarter. In addition, Company’s revenue was affected by the appreciation of exchange rate of 3

decreased when comparing to the same period last year. The main result caused from the appreciation of Baht currency and the increase of fincancial cost. Financial Position: Consolidated Financial Statements

by Baht 32.95 million due to the Baht appreciation against JPY in Q3 2019 was improved when compared to the same period of previous year. The unrealized loss on exchange rate was mainly from

from 7.63% in 2018 to be 8.10%. This was derived from our well manage in purchase timing as well as the currency appreciation in this year. Total selling and administrative expenses decreased by Baht

restrictions from the franchisor. Loss on Exchange Rate The Company and its subsidiaries’ loss on exchange rate in year 2019 increased by Baht 5 million when compared with last year due to Baht appreciation

. The Company’s revenue was also affected by the appreciation of exchange rate of 4% from an average of 31.62 per 1 Dollar in quarter 1 2019 to 30.34 per 1 Dollar in quarter 1 2020. Nevertheless, the

% resulting from the rise in gross profit margin from 6.99% in Q3/2018 to be 8.13%. This was derived from our well manage in purchase timing as well as the currency appreciation in this quarter. Total selling

December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an

appreciation of the Thai baht; a decrease in revenue following the news about the closure of Dusit Thani Bangkok Hotel; and a decrease in revenue from the absence of Dusit Princess Korat Hotel, which was

financial statements due to an appreciation of the Thai Baht from 3Q17. Other Income increased from the share of profit from investment in DREIT and food business, which the company invested in 1Q18. Total