Liabilities 808 698 817 Total Liabilities 817 707 826 Shareholder’s Equity 451 478 478 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,660 3,610 1,707 Gross Profit 263 274 136 Operating Profit 124 154 74 Profit

277.8 (138.9) (33.3%) Gross Profit 281.9 166.0 (115.9) (41.1%) Gross Profit Margin 67.7% 59.8% GPM before adjustment with PPA 68.8% 60.6% Rental and service income from warehouses, distribution centers

quarter of 2016, the Group has restructured of the publishing and distribution of publications due to the shift of consumer behaviors. The Group has set up a provision for inventory obsolescence and written

pocket books selling increase 12.61%.  Revenues from rendering of services decreased 78.86% due to the company had ceased to be distribution agent for foreign publications from September 1, 2018 onwards

117.29 102.12 92.86 15.17 14.86 24.43 26.31 219.41 181.72 37.69 20.74 Cost of services 107.97 99.60 95.88 8.37 8.40 12.09 12.61 207.57 188.60 18.97 10.06 Gross profit (loss) 9.32 2.52 -3.02 6.80 269.84

Group had a gross profit in the second quarter of 2020 in the amount of 0.49 million Baht, a decrease of 23.73 million baht or 99% and the Company had a gross margin (gross margin) in the second quarter

911 47% Cost of sales (68) (110) 62% (200) (319) 60% Gross Profit 147 202 37% 420 592 41% Other Income 1 3 200% 7 7 0% Selling and distribution expenses (67) (84) 25% (201) (244) 21% Administrative

312 144 (54%) 599 363 (39%) Cost of sales (111) (65) (41%) (210) (147) (30%) Gross Profit 201 79 (61%) 389 216 (44%) Other Income 1 1 (0%) 3 2 (33%) Selling and distribution expenses (85) (52) (39

and amortization from investment to increase raw water distribution capacity. Furthermore, the average sales price was lower from rising demand from household customer. As a result, gross profit margin

Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Revenues