landscape brought about by the change in people’s lifestyles and the way people consume media. The increasing popularity of mobile phones (or smartphones) as made content more accessible and ever-present

million baht or 4.45 percent. Analysis of the consolidated financial performance Statement of Comprehensive Income (Unit : Million Baht) For the quarter ended 31 March Change 2020 2019 Amount Percent

gaining wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in this quarter. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1

for the 3 rd quarter of 2019 was THB 721.06 million, decreasing by THB 93.39 million or 11.5 percent from THB 814.45 million in the 3 rd quarter of 2018. The change was due to the decreased lease

wide acceptance and recognition at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2018 1 1.2 Banking

in revenue mainly derived from sales of biomass power plants as the result from revenue recognition of biomass power plant in Khlong Khlung, Kamphaeng Phet Province which started its commercial

cost, in order to prepare for an increased level of production and the Company’s aggressive growth in the future. Additionally, the Company recorded loss recognition of Baht 4 million from Monde Malee

liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019

, decreasing by THB 380.44 million. The main reason was the recognition of loss on foreign exchange as AUD currency depreciated in relative to USD currency. However, the operating result for the 1st quarter of

THB 216 million. Unit: THB mn 2Q19 2Q18 Change 6M19 6M18 Change Hotel business 813 955 -142 -14.9% 1,984 2,320 -336 -14.5% Education business 78 82 -4 -4.9% 195 203 -8 -3.9% Food business 121 7 114