segment. IV Expense First quarter (Unit: Million Baht) 2020 2019 Change Change (%) Selling expenses 92 171 (79) (46) Administrative expenses 381 408 (27) (7) Finance cost 100 99 1 1 Income tax expenses 45

% Selling expenses 152.64 2.11% 187.75 2.87% (35.11) -18.70% Administrative expenses 523.43 7.24% 568.84 8.70% (45.41) -7.98% Specific Business Tax 274.76 3.80% 252.84 3.87% 21.92 8.67% Finance Cost 256.25

to 26.69% of the total number of investment units issued and sold of CPNRF). In addition, the tax incentive of CPNRF unitholders for the personal income tax exemption and the tax incentives of a

associate 0.03 (0.17) (0.21) -642.50% Finance costs (0.06) (0.06) (0.00) 1.40% Profit before income tax expense 24.98 2.38 (22.60) -90.46% Income tax (3.75) (0.46) 3.30 -87.87% Profit for the period 21.23

) -251.77% Finance costs (0.23) (0.32) (0.09) 38.21% Profit before income tax expense 53.59 34.76 (18.83) -35.14% Income tax (8.57) (4.01) 4.57 -53.25% Profit for the year 45.01 30.75 (14.26) -31.68% Other

% Finance costs (0.06) (0.10) (0.04) 67.00% Profit before income tax expense 2.38 7.65 5.26 220.74% Income tax expense (0.46) (1.20) (0.75) 163.65% Profit for the period 1.93 6.45 4.52 234.22% Other

due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales

65.95 67.77 -1.82 -2.7% Administrative expenses 122.77 115.49 7.28 6.3% Total expenses 2,616.41 3,065.73 -449.32 -14.7% Earning before interest and tax 159.52 253.50 -93.98 -37.1% Finance cost -3.67 -5.55

. (

% Finance costs (25.1) (34.1) (35.7) 4.7% 42.2% (51.4) (69.8) 35.8% Profit before income tax 235.2 388.9 388.3 (0.2%) 65.1% 883.5 777.2 (12.0%) Tax income (expenses) 14.6 (28.6) (21.8) (23.8%) N.A. (