sales 6.1% 7.5% (1.4%) 5.7% 7.1% (1.4%) Administrative expense per net sales 10.5% 12.5% (2.0%) 8.6% 9.8% (1.2%) Net profit margin 4.4% 3.1% 1.3% 6.7% 5.8% 0.9% Earnings per share (Bath/Share) 0.05 0.03

2,478.7 2,551.4 Gross margin, % 21.09% 22.75% 25.84% SG & A 403.1 403.1 466.2 Operating Profit * 248.2 309.0 -19.7% 409.9 -39.4% Net Profit per FS 268.6 355.5 -24.4% 541.6 -50.4% 8.63% 11.08% 15.74% [Remark

(62.4) Gross profit margin from hotel operations % 26.3 44.2 (17.9) For the three-month period ended 31 March 2020, gross profit from hotel operations decreased as the revenue of the hotel operations

The Company’s operating result for the 1st half year of 2020, the company has revenue from sales Baht 616.5 million, decrease from the same period of last year at 29.4%. Gross profit margin is equal to

, or 55.6%(y-o-y) and equivalent to earnings per share of Bt0.24. The net profit margin was 17.7%. 2. Report and Analysis of Financial Status According to Financial Reporting Standard No. 16 (TFRS 16

residential business of Nirvana Daii Public Company Limited (“NVD”), a 52%-owned subsidiary of Singha Estate, invested in January 2017. In spite of higher revenues, earnings before taxes (“EBT”) declined by 589

% Net Profit 1.3% 6.7% EBITDA (MB) 9.0 20.8 -56.9% EBITDA (%) 5.1% 11.7% Earnings per share (Baht) - 0.02 -100.0% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization

- the ability to expand the gross profit margin through the selection and development of quality products to meet the needs of customers - and also on cost efficiencies. Regarding store expansion in the

% 2.2% EBITDA (MB) 27.8 14.9 86.3% EBITDA (%) 14.6% 6.2% Earnings per share (Baht) 0.03 0.01 200.0% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization Statement of

period of last year. The increase was mainly driven by positive same store sales growth (SSSG). In addition, the gross profit margin grew consistently, due to more efficient management of the product mix