of lower utilization rate and higher depreciation. Q1/2019 Gross Profit The Company and its subsidiaries recorded gross profit of Baht 228 million, a decrease of 33% YoY, representing gross profit

/2019, corresponding to the decrease in sales. Gross Profit and Gross Profit Margin (GPM)  In Q1/2020, the Company has gross profit from real estate for sale business of THB 43.0mn, decreased from THB

% decrease from 3Q18. Net gains on exchange rate at THB 312m mainly attributed to the decrease in 3Q19 net profit. Page 8 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019

same period of previous year of Baht 0.04 per share or 10.26 percent, due to the increase in net profit of 4.99 percent and the decrease in weighted average number of ordinary shares of 4.96 percent due

) The Corporate Group’s gross profit in the 2nd Quarter 2018 was Baht 304.89 million, an decrease from the same period of previous year by Baht 0.57 million or 0.09 percent, due to the increase in

due to lower credit losses in line with the decrease in services income from digital content via telecommunication channels. Profit from operating activities In 2022, profit from operating activities

% from the previous year due to debt repayment decrease. Net profit The Company's net profit for the third quarter period of 2018 was 154.12 million Baht or 16.93% of the total revenue. The net profit

the substantial effect of changes in foreign currency exchange rates and an increase in core raw material prices that caused a decrease in profit margin. In addition, the company realized a gain of

gross profit in the 3rd Quarter 2017 was Baht 238.28 million, a decrease from the same period of previous year by Baht 8.87 million or 3.59 percent, due to the decrease in revenues from sales and services

: Export Domestic Export Page 5 Q4/2018 Gross Profit The Company and its subsidiaries recorded gross profit of Baht 267 million, a decrease of 34% YoY, representing gross profit margin of 18.3%, reduced from