from operations increased from the last year by Baht 1,347.28 million or 25.90%. We have managed to grow our asset base comfortably at around 7.6%, which is considered to be an appropriate level given

the vote of the shareholders having a conflict of interest. As the Company will pay for acquired assets with share of WCIH, it is considered as two transactions; the acquisition and disposition of

% Earnings per share (THB) 0.04 0.01 0.03 220% Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2017 YTD 2017 Financial Position Summary compared to YTD 2016

quarters of 2019, while on the downside we experience increased competitive pressure on our markets. This we plan to overcome with our efficient fixed cost base and continued focus on quality while widening

income base as evident in the financial performance in Q1. In 2020, the net profit of the Company and subsidiary companies decreases 38.03% from the same period of the previous year as the income from

amount. For the quarter, the market volume of energy drink industry in Thailand contracted by 13.4% while Carabao Dang energy drink remained the 2nd largest brand, commanding 21.4% volume share

analysis for Quarter 1’ 2020 5 / 7 Allowance for Doubtful Debt followed to TFRS 9 Financial Instrument and increased from employee’s salaries base. 3.4 Operating results The Group's net loss was increased

generate further savings – all in all with an inevitable lower sales volume, but also lower cost base, we expect the per unit EBITDA generation to remain intact in 2020, and as from 2021 onwards we expect to

income. The income base has been expanded to include rental property business as it is one way to efficiently manage the Company’s assets while purchasing power is decreasing as well as to reduce risks

Public Company Limited (“NEWS”), an existing shareholder of GNET, at the price of Baht 865.30 per share, which the total price is 164,403,759.95 Baht and the obligation to repay accrued debt together with