sold mainly comprise warehouse rentals, utility charges and other expenses related to production. Gross Profit Gross profit for the three months ended 31 March 2019 and 2020 were THB 148.19 million and

and hospitality business. Page 7 of 7 Management Discussion and Analysis 2018 Financial Position and Capital Structure As at 31 December 2018, the total assets were 58,930 million Baht, increased by 44

leasable area 124,286 sq.m in total. In 2Q19, commercial business generated revenue of THB 179m or 20% increase from the same period last year. Main drivers of the growth rate were letting out the space at

/Equity) 0.8 0.8 0.7 0.6 0.6 Return on equity (ROE) and Return on assets (ROA) as of Q3 2023 were at 18.7% and 7.3% respectively. The Company’s profitability indicators improved from those of Q3 2022 in

16.1% because there were new equipment rental projects coming in Q4-2022 Selling and Distribution expenses Selling and distribution expenses in Q3- 2023 increased from Q3- 2022 in the amount of 17. 7

16, 2018. Resolutions were passed to allow the company to conduct the following matters: 1. To give approval to the Company to enter into related transactions to rent or rent out immovable properties

178.2 million Baht. Moreover, there were other revenues, mainly from promotion support, amount of 17.2 million Baht. Cost of Rental and Services The Company‘s rental and services costs for the first

were 43.2% and 15.7% of the total assets in which the increase by land and equipment net THB 315.5 MB is from buying and transferring assets THB 338.8 MB and depreciation on useful life of asset in which

6.4 million baht or an decreased by 3.3%. The primary reasons for the Company’s incurred a net loss were the rental and services income and sale promotion revenues declined. And the cost of rental and

effective in 2019. 2.2 The decrease gross profit margin in the remaining portion resulted from the Indirect costs, most of which are fixed costs, were not decreased in the same direction of Sales. Gross