Operating Results For the 1st quarter 2018, the total revenue of the Company and its subsidiary (together referred to as the “Corporate Group”) was Baht 1,205.80 million, which increased from the same period

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

Page 1 of 6 Performance Overview In 3Q17 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a total revenue growth of 82% YoY, mainly from higher contribution from

an increase in total revenue of 81% YoY. These were mainly from a (one-time) recognition of an upfront 50-year lease payment of a certain office space at Singha Complex and higher contribution from

SUBSIDIARY MANAGEMENT DISCUSSION AND ANALYSIS (For the Consolidated Financial Statements of the Year Period Ending December 31, 2018) (1) Overall Operating Results For the year 2018, the total revenue from

of the Year Period Ending December 31, 2017) (1) Overall Operating Results For the year 2017, the total revenue from sales and services of the Company and its subsidiary (together referred to as the

. (3.2) Inventory and Deterioration or Obsolete The Corporate Group’s inventory as at March 31, 2019 accounts for 23.15 percent of the total assets, of which 15.70 percent are finished products, 20.33

Second Quarter of 2019 WHAUP finished our 2Q2019 with a Net Profit of Baht 857.5 million, a 189.8% increase from 2Q2018 with Normalized Net Profit of Baht 695.3 million, a 46.9% increase from 2Q2018. For

inventory as at March 31, 2020 accounts for 24.72 percent of the total assets, of which 23.31 percent are finished products, 17.73 percent are work in progress and 40.46 percent are raw materials. The

gross profit in Q2/2020 and 1H/2020 were THB 79 million and THB 216 million, respectively, which decreased by 61% from Q2/2019 and 44% from 1H/2019, corresponding to the decrease in total sales. • Gross