for the period of 3Q2019 was Baht 30.3 million, an increase of Baht 12.4 million or 69.3% from the same period of last year due to recognition of non-monetary and non- recurring expenses i.e. share

Land and Property factory in Bangpoo Estate. 1.7) Other income increase 50.68 due the Company to forfeit the deposit 37.00 million baht form breach of the sale and purchase agreement in common stock a

wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1

purchased not over 30,000,000 shares, equivalent to 3.75 percent of the paid-up capital of FSMART by means of purchasing shares through the Stock Exchange of Thailand. This will increase the percentage of

: Revenue from contract work In 2019, the Company and its subsidiaries had revenue from contract work equal to 1,214.38 million Baht comparing to 808.01 million Baht in year 2018, an increase of 406.37

started for this year effect loss from production improvement THB 70 million 4. Administrative expense increase THB 113 million due to impairment from investment and on due to delay investment in new sugar

and closing restaurant business in Q3/2019.  However, company can secure bottom line with net profit 2019 increase of 12%, mainly are from o Business adjustment on rice business by focusing on mix

herewith the explanation and analysis of the Management for the 1st quarter of 2020 ended 31 March 2020 as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2020 2019 2018 Increase

. Excluding the extra finance cost of THB 4.4 mil. the finance cost of Company increased by 82.9% q-q, mainly caused by short- term loans for working capital increase. Finance cost Net Profit THB million Q1’20

60.3mn, an increase of THB 9.3mn, or 18.2% YoY from THB 51.0mn in Q1/2019. It was mainly due to the loan interest expense for the Lofts Silom project was recognized as financial cost after the construction