year, the net profit of the Corporate Group increased by 1.56 percent. This was due to expansion of distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled

market in the country last April. This caused problems for distribution channels of the Company’s customers, as they had to postpone their purchase orders of the Company’s products. As result, domestic

subsidiary for 1st quarter of 2019 ended 31 March 2019. The company net profit of Baht 34.66 million when compared with the same period of year 2018 posted net profit of Baht 31.94 million due to the following

company and subsidiary for 2nd quarter of 2020 with a net profit of Baht 15.38 million when compared with the same period of year 2019 with a net profit of Baht 34.66 million due to the following reasons. 1

Management Discussion & Analysis (MD&A) Q3/2018 Executive Summary Executive Summary For Q3/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) earned a net profit of Baht 899 million

. • Purchase, development, allocation and distribution of commercial land to the company and the general both inside and outside the industrial estate. • Industrial and commercial projects for sale include

discouraged by economics. Lose sales opportunities in relation to a low level of stocks due to a limited warehouse space. Other income 2.8 6.1 117.9% A gain and profit in exchange rate comparing to the same

14.1% 4.0 2.4% -18.0 -81.9% Profit Before Expenses 45.2 28.9% 60.9 36.9% 15.6 34.6% Selling and distribution expenses 14.5 9.3% 14.7 8.9% 0.2 1.2% Administrative Expenses 13.5 8.7% 12.4 7.5% -1.1 -8.2

(income) 8.37 11.42 (26.71) Profit (loss) before income tax income (expenses) 33.55 (0.59) (5,786.44) Income tax income (expenses) (4.91) 1.31 (474.81) Profit for the period 28.64 0.72 3,877.78

in cost of sales and services in Q3–2020 and Q3–2019, it found that gross profit margin of the delivered projects in Q3–2020 is slightly higher than those in Q3–2019. Selling and distribution expenses