(Translation) PRG.MD. 021/2019 February 26th, 2019 Subject: Management Discussion and Analysis (MD&A) of 2018 Attention: Managing Director of the Stock Exchange of Thailand We, Patum Rice Mill and

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Management Discussion & Analysis 2022 1 I 9 Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2021 2022 Increase (Decrease) %YoY Amount

the increase of same store sales of the company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly

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. MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 14 AUG 2018 U CITY PCL 2Q 2018 MD&A (for the quarter ended 30 June 2018) 3 U CITY PCL 15 MAY 2018 Finance costs were THB 458mn, an increase of 305.6% YoY or THB 345mn

%, accounted for 3.50% increase, compared with 64.12% gross profit margin for the same period last year. The increase in gross profit margin was mostly because the Group had better cost management especially the

1 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis Operational Summary in 2Q17  Total revenue from core business was Bt769mn, an increase of 48.0% YoY