revenue respectively. The reason for this decrease in net profit is due to the lower gross profit as the cost of raw material increases. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9

to its production could not utilized full capacity effecting to decrease in gross profit. (4) Dividend income The Company received dividend from Millcon Steel Public Company Limited at the rate Baht of

million or 30% from Q4/2019 due to the decrease of sales as a result of the lower domestic consumption. • Gross profit margin (GPM) in Q4/2020 was 61.3%, decreased by 2.7% from Q4/2019 due to the increase

with Baht 3,376.19 million in the same period of the previous year, which decreased by 2.4 percent. The decrease in sales was due to the lower average prices in main products like copper, aluminum and

recent bonds with lower interest rate. PERFORMANCE BY BUSINESS Rental Properties Business Q2 2018 Q2 2019 Increase/(Decrease) 1H 2018 1H 2019 Increase/(Decrease) THB mm THB mm THB mm % THB mm THB mm THB mm

competition in the market became less intense because of higher demand and sales volume of agrochemicals. Cost of sales increased at a lower rate of increase than that of the sales volume resulting in the

11.68%. The main reasons were as follows: 1. Service income decreased 10,794,988 baht compared to the same period of the last year mainly from the decrease of income from Call Center business in the

which were net loss of Baht 39.6 million. The operating results changed over 20%, main variances due to the following reasons: 1. Revenue from sales and services decrease from prior year by Baht 4.29

of lower utilization rate and higher depreciation. Q1/2019 Gross Profit The Company and its subsidiaries recorded gross profit of Baht 228 million, a decrease of 33% YoY, representing gross profit

the same period of last year which were net loss of Baht 148.5 million. The operating results changed over 20%, main variances due to the following reasons: 1. Revenue from sales and services decrease