0.43 27.56 Gain on exchange rate 0.61 0.97 0.00 (0.61) (100.00) Profit before expenses, finance cost and taxes 19.72 31.27 17.00 27.70 (2.72) (13.79) Distribution costs 1.18 1.87 1.43 2.33 0.25 21.19

230.4 15.4 820.5 90.2 Selling and distribution expenses 69.0 73.7 56.9 (4.7) (6.4) 12.1 21.3 Administrative expenses 81.4 79.5 125.6 1.9 2.4 (44.2) (35.2) Revenues and Costs of Sales and Services The

the year 2018. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

the year 2019. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Revenues

with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Business categories Operated by For the three-month period ended 30

the management to cost of distribution and administrative expenses decreased from the change of strategy of the distribution channels in order to decrease cost and expenses from the past that the

”) , convened on 13 December 2019, passed a resolution to approve the Company to enter into the disposition of assets and connected transaction of ( 1) Printing plant and Distribution Center ( Bangna) consist of

in the future. Key Performance Highlights Management Discussion and Analysis (MD&A) 2019 Page 2/8 1. Mobile Phone Distribution and its Accessories Jaymart Mobile Company Limited, the Company's core

estimated the new car sales for the year 2018 to end at 1.02 million units, a growth of 17%. 3 In the equity market, the average daily turnover (SET and mai) for the year 2018 increased 15.1% from Baht 50,114