2018 primarily due to the US-China trade war and global uncertainty contributed negative impact on export growth. The growth of credit card business in Thailand continue expansion due to overall economic
marketing cost related to the residential project as compared to Q1 2018 The Company recorded negative earnings before interest and taxes of 189 million Baht (24% of total revenue) or decreased by 95% as
2019 which was mainly due to (1) change in sales mix with more contribution from brands with higher food cost (2) negative same-store sales growth and (3) increased cost of branch staff, rental and
development business. The Company recorded negative earnings before interest and taxes of 584 million Baht (120% of total revenue) in contrast to the 2Q 2018 with profit before finance cost and income tax of
contribution in the second half of 2018. Net cash flows from investing activities was negative due to the acquisition of Saraburi Quicklime (320mTHB) along with some investment in Capex although capex investment
recorded negative earnings before interest and taxes of 490 million Baht (222% of total revenue) or by 476 million Baht as compare to 3Q 2018. Finance Costs In 3Q 2019, the Company had total interest paid of
growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome
has had an effect on the Company since the 1st quarter ago. However, in the 6-month period of 2020, the Company could generate cash flow from operation amounted to Baht 134.62 million from the negative
increased from the new stores that was opened last year while the same store sales is marginally negative. For the HomePro business in Malaysia, sales rose after resuming business due to both financial
operation amounted to Baht 119.98 million from the negative cash flow of Baht 71.63 million from the same period last year. Financial Position: Consolidated Financial Statements 1. Total Assets Statement of