decrease Baht 8.97 Million or 3.26%. - Cost of the sales and services from Q2/2018 was 89.50% increased to 91.75% on Q2/2019 or increased 2.25% from sales due to recorded the effect of the change severance

1 / year 2018 Change Million Baht % Million Baht % Million Baht % Sales revenue - net 108.37 92.86% 107.94 93.48% (0.42) -0.39 % Revenue from contract works 7.14 6.12% 6.40 5.54% (0.75) -10.48

rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/revenue from sales decrease from 14.13% in Q1/2017 to 12.07% in Q1/2018. 3. Financial Expenses The financial expenses

rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/Sales decrease from 11.61% in Q2/2017 to 11.12% in Q2/2018. 3. Financial Expenses The financial expenses in Q2/2018

Microsoft Word - MDA 2017 EN SET Final.docx Page 1 of 5    L-WAVE ENT 28/2018 28 February 2018 Subject: Report on reasons of change to profit (loss) and analysis on operating results by the

Q1’2018, primarily due to a decrease in SG&A expense which is higher during the year end. COST STRUCTURE FINANCIAL PERFORMANCE 6 Q1’2017 Q1’2018 % change Q4’2017 Q1’2018 % change million Baht million Baht y

Discussion & Analysis Q2/2021 Operating Highlights in Q2/2021 Q2/20 Q2/21 Change +/(-) 1H/20 1H/21 Change +/(-) (THB million) %YoY %YoY Operating Revenue 144 137 (5%) 363 317 (13%) Gross Profit 79 77 (3%) 216

. (Source : BOT Press Release No.19/2019 on Monetary Policy Report, March 2019/EIC Outlook quarter 1/2019) Performance Analysis Unit : MB For the period ended Change 31 March 2019 31 March 2018 MB % Net sales

the 9-month period ended 30 September 2019 30 September 2018 Change Millions of THB % Millions of THB % Millions of THB % Revenue from sale of real estate 1,003.47 91.27% 1,501.95 96.98% (498.48) (33.19

clarifies the changes in the performance over 20% as follows: FINANCIAL PERFORMANCE Consolidated Financial Statements Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1 1,492.8 2,714.4