% (3.4%) Other income - 1 (1) Selling & Admin expenses 29 27 2 7% 6.2% 7.0% Expense from delayed project 57 (57) Finance costs 13 14 (1) -7% Income tax expense 3 (1) 4 Profit for the quarter 9 (109) 118

expenses 10.62 14.39 23.80 32.39 13.18 124.11 Total expenses 32.70 44.31 44.68 60.81 11.98 36.64 Profit before finance cost and income tax expenses 41.09 55.69 28.79 39.19 (12.30) 29.93 Finance cost 6.68

credit loss Finance costs Other expenses 2,060 1,965 523 96 1.0% 4.3% 10.0% 3,086% 7,832 6,629 1,745 11 8,117 7,263 1,904 98 3.6% 9.6% 9.1% 784% 7,029 5,771 1,826 10 7,387 7,070 1,970 96 5.1% 22.5% 7.9

%) 1,773 2,603 65 857 1,910 2,512 61 765 8% (3%) (6%) (11%) Total Revenues 5,485 5,553 5,459 (2%) (0.5%) 5,297 5,248 (1%) Operating and administrative expenses Expected credit loss Finance costs Other

) Profit before expenses, finance cost and taxes 20.21 23.07 30.55 25.73 10.34 51.16 Distribution costs 2.36 2.69 2.33 1.96 (0.03) (1.27) Administrative expenses 10.14 11.57 8.79 7.40 (1.35) (13.31) Profit

) for the period attributed to equity holders of the company (7.99) (24.78) 68% (21.65) 63% Revenue and profit Sales revenue from quarter 1/2020 of 394.13 million Baht, an increase of 114.70 million Baht

) (149.44) 41.71 27.91% 6 Finance costs (14.56) (13.10) 1.46 11.15% Share of profit (loss) of associates (1.32) - 1.32 100.00% 7 Profit before income tax 104.50 78.33 26.17 33.41% Income tax (30.75) (19.28

% 57.2% Finance cost 160.3 131.2 29.1 22.2% Income tax expenses 261.7 283.1 (21.4) (7.6%) Profit for the year 1,028.5 1,172.3 (143.8) (12.3%) Net Profit to Equity holders of the Company 970.6 1,097.1

Cost of services 13.43 3.99 9.44 236.59 Cost of impairment 101.63 108.78 -7.15 -6.57 Loss in sale of subsidairy company 3.09 0.00 3.09 Administrative expenses 133.99 141.00 -7.01 -4.97 Finance cost 25.18

: million Baht 30-Jun-20 31-Dec-19 Total Assets 25,964 26,400 Total Liabilities 10,049 9,219 Total Equity 6,204 7,014 Minority 9,711 10,168 Gr ou p Gr ou p HR C Gr ou p Management Discussion and Analysis