30 September 2019 G Steel Public Company Limited Page 1/20 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited 2. Business Outlook During the shutdown period from February 2019 to April 2019

, representing a decrease of THB 1,025. 54 million or 23. 59% down from 2Q2019 mainly from lower revenue of chicken processing business which decreased by THB 811.14 million or 37.48% down comparing to 2Q2019

year. Total revenues constituted of the following: 1) Revenue from the hotel business of Baht 1,418.6 million, which grew by Baht 1,176.9 million or 486.9% when compared to the same period of last year

compared to the same period last year. Total revenues constituted of the following: 1) Revenue from the hotel business of THB 1,527.1mn, which grew by THB 1,246.0mn or 443.2% when compared to the same period

, social and environment responsibility and sustainable growth. The Company believes that the residential condominium sector of the real estate business is recently facing a slowdown as a result of domestic

temporary investments 760.39 697.77 666.92 9% 14% Trade receivables 262.78 234.46 223.10 12% 18% Inventories 24.33 18.56 23.79 31% 2% Property, Plant and Equipment 840.45 770.55 829.61 9% 1% Goodwill 87.80

assets. Recently, the hospitals have invested on ward renovation and medical equipment. Total liabilities as of 30 June 2020 decreased by 3% from end of Y2019 on back of the decrease of trade payable. The

real estate development and service business. The Company has developed premium housing projects in central business area to open up new business opportunities. Moreover, the opportunity in rental real

1 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis Operational Summary in 2Q17  Total revenue from core business was Bt769mn, an increase of 48.0% YoY

of 2017. This mainly resulted from the increase of the cash and cash equivalent transactions, the increase of the trade debtors, and current debtors, and cash received from the transfer of business to