percent of revenue from sales. The ratio between gross profits per the sales revenue is decreased by 0.6 percent compared to the same quarter of the previous year (increased by 0.2 percent from Q1/2020

previous year 222.0% The reason that the company has increased net profits is due to revenues management, cost management and cost control. Although in the past Q2/2020, department stores and rental areas

than both Q1/2019 and Q4/2019. Without the spread of COVID-10, the Company believe that our revenue would grow more and be able to make profits. However, despite the COVID-19 epidemic situation, the

Profit (Loss) of Associates and Joint Ventures • Share of profit from associates decreased 2.0% year-on-year from Baht 261 million in 2016 to Baht 256 million in 2017, primarily attributable to profits at

million for the six months ended June 30, 2017. The increase was primarily attributable to profits at our associate, namely ABPIF, and our joint ventures, namely BGYSP and BGSENA. Gain (loss) on exchange

Tangible Assets n/a Criteria based on Net Profits n/a Criteria based on Total Value of Consideration based on the reviewed consolidated financial statements as of June 30, 2017. Total Value of Considerations

ownership percentage 140 140 71 72 140 105 105 Estimated installed steam capacity 30 tons per hour Benefits from BOI Certificate Rights for exemption of corporate income tax for the net profits from

businesses in acquiring and managing NPLs and NPAs. This enables BAM to consistently and sustainably generate healthy profits for all stakeholders. หนา้ 2 2. AMC Industry Outlook and Overview In 2019, the Thai

in the year 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset value in AUD currency. 2.2 Share of Profits of Associates and Joint Ventures

which are: the sale of long-term investments (profits recorded in 2Q19) to reduce the impact from the closure of Dusit Thani Bangkok Hotel, the sale of Dusit Thani Maldives Hotel to Dusit Thani Freehold