items were not included, the Corporate Group had a net profit of Baht 340.61 million or an increase of 7.60 percent from the same period of previous year. Due to the outbreak of the coronavirus disease

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due

below the target mainly due to on-going cautious household spending due to high household debts and slow economic recovery. Furthermore, the number of restaurants continued to increase from both existing

equity holders of the Company (367.7) (152.8) (214.9) (141%) Revenue Revenue from Sales year 2017 was 1,178.2 MB increased by 244.7 MB or 26% y-o-y due to explain in each business segment summary as

of 1.4% Q-o-Q, but a reduction of approximately 2.7% Y-o-Y, while sales revenue in USD terms grew by 5.3% Q-o-Q and 7.7% Y-o-Y. The slight Sales growth in Baht terms was due to the THB's strengthening

million which decreased of Baht 7.2 million from Q1/2017 due to decreasing of price of fattening pig about 14% page 2/…… - 2 - Gross Profit Margin Gross Profit Margin (GPM) in Quarter 1/2018 was Baht 220.9

amount of Baht 47.69 million, due to several large claims incurred in this quarter and also the increase of company’s retention in motor compulsory business. 2. The decrease of net investment revenue and

years ending 31 December 2016 and 2017, total revenue increased from THB 2,181.9 Mn to THB 2,515.2 Mn respectively. This was an increase of THB 333.3 Mn or 15.3% and was mainly due to the increased

%) Due to reversal of allowance for doubtful accounts from the repayment Allowance for doubtful accounts is based on policy. 3. Financial Cost 0.09 million bath with last year at 0.17 was decrease 0.08

2,827.20 million baht, a decrease of 376.90 million baht compared to the same period of year 2018, which has sales revenue of 3,204.10 million baht or 11.76 % decrease due to the economic slowdown and high