(net profit margin of 27.0%), an increase of 6.96mb or 9.9%. 1. Revenue Structure Table 2: The break down revenue by business entities. Type of Revenue Jan-Jun 2019 Jan-Jun 2020 Million Baht % Million

Veranda Resort Public Company Limited Management Discussion & Analysis Q2/2020 Management Discussion & Analysis Q2/2020 The company has main revenue portion from the property development business

increased from the new stores that was opened last year while the same store sales is marginally negative. For the HomePro business in Malaysia, sales rose after resuming business due to both financial

sale for the 3 months period ended 30 September 2019 for 30. 07 million baht. This is because of the income earned by Grace Water Made Co., Ltd. (“GWM”), the Company running the business of dialysate and

which is sufficient to support the Company’s operation and business expansion. The Company also does not have the debentures that will mature within 12 months. The company's credit rating by Fitch Rating

the dividend payment has no significant effect to normal operation of the Company 7.2 The subscribers for new ordinary shares in this occasion will be entitled to receive dividends from the business

information 3.1 Nature of business operations The Company has been providing Out of Home media (“OOH media”) as the leading media advertising company. The Company has effectively connected brands and product’s

will benefit from the increase of business value, as well as the operation results and dividend payment in the long term basis. 7. Opinion of the Board of Directors on the capital increase or allocation

or 6.3% from 2016. Growth (y-o-y) Aviation Refuelling Services Business : Aviation Fuel Volume (mil litres) 5,747 5,657 1.6% Flights 287,701 279,266 3.0% Fuel Pipeline Transportation Business : Multi

estate expansion which is the Company’s main business in the long term. The approximate leasing fee and the leasing charge of Rachaphatsadu Land throughout the term of the agreement are totally Baht