” means the Thai Bond Market Association licensed by and registered with the SEC Office; The terms, “credit rating”, “registration statement”, “listed company”, “parent company” “subsidiary”, “associate

due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

period of new branches. However, the cost of food and beverages for core brands was well-controlled and even decreased from the previous year. Selling and Distribution Expenses (1) For the years ending 31

of the parent company was 991.54 million Baht, decreased by 68.82 million Baht or 6.49% compared to the same period of 2016 Income statement (MB) Q3/2016 Q3/2017 YoY % 9M/2016 9M/2017 YoY % Total Sales

1 1. ANALYSIS OF FINANCIAL PERFORMANCE Income statement (MB) Q4/2016 Q4/2017 YoY % 2016 2017 YoY % Total Sales and Services revenue 1,043.98 1,039.90 (4.09) (0.39%) 4,376.96 4,308.04 (68.92) (1.57

Production of The Nation newspaper, operated by Nation News Network Company limited (NNN) and website www.nationmultimedia.com as well as distribution of news reports via Facebook and Twitter 2. Broadcasting

reduction in the setup cost as explained in the cost of sales section.   Distribution costs and Administrative Expenses (SG&A) In 3Q19, the Company’s distribution costs and administrative expenses was THB

efficiency. *Net Profit = Net Profit attributable to owners of the parent Financial Performance for Q1’20 Consolidated Income Statement Summary Unit: THB million Q1'20 Q1'19 %YoY Q4'19 %QoQ Total revenues

.16 - Leases which impacted to the financial statement as follows: 1. Thai Financial Reporting Standard - Financial instruments group Credit Risk Allowance for impairment loss for trade receivables are

Sales (60) (83) 38% (134) (161) 20% Gross Profit 77 147 91% 183 267 46% Other income 1 4 300% 2 7 250% Selling and Distribution Expenses (53) (71) 34% (111) (133) 20% Administrative Expenses (32) (36) 13