from the weakened household income especially in non-farm income together with the tightening of financial institutions credit approvals due to the deteriorations in asset quality. The non-durable goods

from sales & service 853.77 810.47 43.30 5.3% Other income 6.29 6.47 -0.18 -2.8% Total revenue 860.06 816.94 43.12 5.3% Cost of goods sold & service 743.25 700.82 42.43 6.1% Selling expenses 16.10 14.83

income base as evident in the financial performance in Q1. In 2020, the net profit of the Company and subsidiary companies decreases 38.03% from the same period of the previous year as the income from

(EPC) income of Combine Heat and Power Producing Company Limited (CHPP) while revenue from chilled water sales slightly decreased by THB 5 million from lower sales volume. Quarterly Comparison of VSPP's

First Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our First Quarter of 2020 with a Normalized Net Income of Baht 219.0 million, a 18.8% decrease from 1Q2019 while Net Profit of Baht 43.5 million

in brokerage fee, fee and service income and other revenue on lower market trading volume and fluctuated market condition, Krungthai ZMICO was able to strategically control cost and improve operational

. 2. Total Interest Income 0.50 Million Baht was 0.01 Million Baht or 30.36% lower from the last year. The savings of subsidiaries decreased for working capital. 3. Dividend income 0.02 Million Baht was

same period last year due to lower interest rate but partially offset by higher loan balances in the current period. Income tax was Baht 7 million higher as compared to the same period last year mainly

. 7 2 ) million or (2 0 2 % ) as the following reasons: • Total income increased Baht 92.32 million or 6% from Baht 1,580.25 million in 2017 to Baht 1,672.58 million in 2 0 1 8 . The main increase was

year 2019. The MD&A would enable the investors to better understand the Company and its subsidiary’s 2019 audited financial statements. An Analysis of Performance * Analysis of Income The Company and its