held on 4 January 2018 27 April 2018: Vienna International Hotelmanagement AG (VI) signed a non-binding letter of intent (LOI) with Nakheel PJSC, the largest property developer in Dubai, to jointly

margin (%) 62.8% 64.6% 61.2% EBITDA margin (%) 21.6% 5.9% 18.4% Operating EBITDA margin (%)* 21.6% 5.9% 18.4% Net profit margin (%) (14.2)% (21.7)% (5.5)% * Excludes impairment charges, profit/loss from

capital, share of loss amounting of 0.28 Million Baht - Property development, hold 40% of paid-up capital, share of loss amounting of 0.08 Million Baht - Manufacturer and assembly electric motorbike, hold

spinning reserve of capacity and have more capacity available for sales The result of this collaboration is to eventually enhance operating margin of our gas-fired combined cycle cogeneration projects. We

) (5,394.3) (657.9) 12.2 Gross profit 2,828.3 2,679.0 149.3 5.6 Gross profit margin 31.8% 33.2% Distribution and Administrative expenses (1,231.7) (1,131.9) (99.8) 8.8 Operating Profit 1,596.6 1,547.1 49.5 3.2

(5.5% of revenue from 10.5% in 2016). Network OPEX was flat QoQ but increased 99% YoY mainly from 4G expansion and addition of TOT partnership payment. EBITDA margin improved to 44.6% from 36.4% in 4Q16

the country aligning to the vision of “World Class Product, World Class Brand”, but also providing higher gross profit margin for domestic energy drink as compared to the traditional energy drink. For

industry. 1.10 Profitability For the year ended 31st March 2019, the Company and its subsidiaries had higher gross profit margin of 12.49 percent compared with gross profit margin of 14.28 percent in the

boost of the export activities, private consumption and tourism sector. However, the net profit margin was lowered from the increase in selling and administrative expenses while gross margin stay flat

Margin -17.27% -1.18% Net Profit Margin -98.99% -121.11% Debt to Equity Ratio (Time) (16.47) 3.18 Total Expenses Summary of the Annual Operating Result as ended 31 December 2019 Construction Income In 2019