1.72 million or 3.09% from the same period SAAM Energy Development Public Company Limited - 2 - of previous year mainly due to decrease in sales of electricity and decrease in other income from

upscale successfully developed hotels, as part of Project Crossroads Phase 1 in the Emboodhoo lagoon in the Republic of Maldives, consists of two islands undergoing development, (i) SAii Lagoon Maldives

of last year’s disposal of subsidiaries owning land plots at Bangkrachao; (xi) a decrease in real estate projects under development of THB 620mn. 35,710 46,886 4,352 7,475 40,062 54,361 31 Dec 17 30

expenses amounted to Baht 9.52 million, a decrease of Baht 97.53 million reduced costs associated with reduced revenue. Expenses are as follows. Cost of sales - Real estate development business of Baht 2 .4

decline of 6.14 $/BBL or 10% compared to previous year. This has led to performance from 2018 to 2019 of the refinery industry, including the company’s, to decline. In 2019, the company and its subsidiaries

profit in 2Q20 totaled Bt129.7 million (excluding a gain on foreign currency exchange rate and an impairment loss), representing a decline of 62.6% Q-o-Q and 38.4% Y-o-Y. The substantial decrease in

business. However, compared to Q1/2017, revenue decreased by 3% QoQ, mainly from the decline of finished product’s average price. 2. Gross Profit was recorded at THB 2,363 million a decrease of 45% YoY and

public company limited ("the Company") and its subsidiaries intend to engage in horizontal and vertical real estate development business as industrial and commercial real estate for sale and lease of short

customers both directly and indirectly. In the second quarter of 2017, KBank and subsidiaries reported a net profit of Baht 8,986 million, a decrease of Baht 1,185 million, or 11.65 percent over-quarter. The

Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1