administrative expenses 3,384.54 3,307.85 76.69 2.32% Profit before finance cost and income tax expenses 1,631.56 1,405.43 226.13 16.09% Finance cost 98.07 110.06 (11.99) (10.89%) Income tax expenses 285.01 249.14

million. Profit before tax decreased by 4.5% from THB 173 million to THB 166 million mainly due to impairment on asset of THB 13 million, however, the overall selling, administrative and other expenses

Baht 9.1 million. - 2 - 5. Maintenance supplies increased Baht 81.3 million. 6. Property, Plant and equipment increased Baht 1,524.8 million. 7. Deferred tax assets increased Baht 1.0 million. Total

(Unit: Million Baht) For the year Movement 2018 2017 Increase (decrease) % Profit (loss) before tax expenses 71.53 28.61 42.92 150 Loss Tax expenses 13.35 5.07 8.28 163 Operational Profit 58.18 23.54

decreased Baht 20.3 million. 6. Property, Plant and equipment increased Baht 584.1 million. 7. Intangible assets increased Baht 1.0 million. 8. Deferred tax assets increased Baht 16.7 million. Total

investment in a subsidiary - - - 13,850 - 13,850 100.0 Total Expenses 285,341 281,147 4,194 1.5 241,254 217,614 23,640 10.9 Profit before finance cost and income tax expenses 115,353 119,930 (4,577) (3.8

million baht in gross margin. 3. In the year of 2019, the Company sold the Grand Centerpoint Sukhumvit 55 Hotel as a selling price of 4,155 million baht and recorded the profit before tax in an amount of

29.53 Selling and Administrative expenses 2,465.34 411.35 2,053.99 499.34 Financial costs 423.87 139.23 284.64 204.45 Total expenses 2,889.21 550.57 2,338.63 424.77 Profit before income tax expenses

("-;((,$(+>? 3BB "= 57 4 2.2 ("#$'3ก-;(&'^_`^+กก?45,9 "= 3 4 2.3 ก4,Dก Deferred Tax ?45,9 $45,/ "= 40 4 !,,; ก"%(1I@%&'( 3 #* 2560 ?45,9 $45,/ $+/ 532 4 3. ก1='[2(;c4!4!..d& ,(' (JASIF) ' #$ก4ก !,; 3.1

income tax expenses 5.93 6.12 3.55 2.57 72.53 Share of profit from investment in joint venture 0.90 - - - N/A Profit before financial costs and income tax expenses 6.83 6.12 3.55 2.57 72.53 Financial costs