expenses. 2As shown in financial statement, excluding minority interest. 3Net profit excludes minority interest, is adjusted for amortisation of PPA in MACO, gain of fair value measurement in MACO at

% EBITDA margin 45.4% 47.1% 41.5% Net profit margin 20.6% 24.3% 21.5% 1As shown in financial statement, excluding minority interest. PERFORMANCE ANALYSIS (2Q 2018/19 vs 2Q 2017/18) VGI continued to

net profit ratio (ROS) for the three-month period ended 31 March 2020 increased from 18.98% to 20.67%. Moreover, the total expense to total revenue ratio decreased from 14.94% in the first quarter of

investment in an associate and joint ventures (75.2) (7.7%) (111.1) (9.7%) (35.9) 47.8% Finance costs (Interest expenses) 113.2 11.6% 100.7 8.8% (12.5) (11.0%) Profit (loss) before income taxes (33.2) (3.4

as staff and rental during the COVID-19 situation, in the 2nd quarter of 2019 and 2020, the gross profit decreased from THB 364.4 Mn to THB 127.2 Mn respectively, a decrease of THB 237.2 Mn or 65.1

. Management Discussion & Analysis Q3/2023 4 I 10 In 9M2023, gross profit amounted to THB 881.51 million, decreased by THB 38.65 million YoY (-4.20%). Gross profit margin was 8.52% as a result of the decrease in

Notification: “derivatives broker” means any person licensed to undertake derivatives business in the category of derivatives broker; “market maker” means any person registered as market maker with derivatives

. 45/2547 Re: Determination of Undertaking not Deemed as a Derivatives Dealer dated 8 October 2004 shall be repealed. Clause 2. Person who offers to trade or trades in derivatives for his own account

following requirements; (1) initially acquires units of a trust not less than ten million baht; or (2) such person in (1) who acquires additional units, which results in the total value of not less than ten

/Nor/Khor. 85/2552 Re: Prohibited Characteristics of Personnel in Derivatives Business dated 3 August 2009. Clause 2 In this Notification: (1) “person with power of management” shall have the same