, while a new crop season has delayed and just started in the end of Q2/2017 o Branded domestic sales of fruit juices dropped by c.30% due to the Company’s less sell-in to reduce inventory at trade stores

growth, OOH and digital/online media, MACO has strengthen our media portfolio through 1) nationwide network expansion, 2) digitizing our media assets, and 3) integrating media inventory with Online

, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

decreased c.15% YoY, mainly due to the drop in fruit juice sales following the slowdown in fruit juice market, plus high sales base last year resulted from new packaging launched which inventory at trade

- Increased in allowance for doubtful account amounting of 3.80 Million Baht, as fair value of account receivable assessment on TFRS9 Financial Instruments - Increased in depreciation expense amounting of 1.17

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

necessarily to be indicative of future operating results or financial condition. For example, this could include disclosure of the most significant recent trends in production, sales and inventory, and costs

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction

14 million and a provision of obsolete inventory in the amount of Baht 17 million. FINANCIAL PERFORMANCE 9 Q1’2019 Q1’2018 % change Q4’2018 % change million Baht million Baht y-on-y million Baht q-on-q

proportion than selling price increase is the main reason why net profit decrease. Graphite Electrode’s price which is a part of conversion cost increase significantly. Separate financial statement, the