operations % 30.81 32.09 (1.28) 38.42 38.89 (0.47) For the three-month period ended 30 June 2 0 1 9 , due to the revenue from the hotel operations that has been reduced as mentioned above, gross profit from

projects mentioned above. III Share of loss from investments in joint ventures In the period of the six-month period ended June 30th,2019, accumulated amount of 114.0 million baht, or 1.7% from the total

addition, prepare marketing and sale plan to expand customer base of flexible packaging and plastic woven bag. All the time, Development as mentioned above, The company has improved its performance. It is

administrative expenses, cost of sales and financial cost as above mentioned. Since the Company is on business expansion to other businesses such as the relating furniture business such as Medium Density Fiber

International Logistics Co., Ltd. ("SSK"), formerly the company held 43.84 %. In August 2017, the SSK reduced the registered capital as mentioned above. As a result, the company holds 75.35 % of the company. As a

resulted from sales decreased in Thai restaurants overseas and the Company incurred the increased selling and administration expenses as aforesaid mentioned. In consideration of the net profit from

. Meanwhile, internal and external factors that affect the Thai economy are the slowing global economy growth due to the inconclusive trade war between the US and China. Having considered the above-mentioned

salary, welfare, cost of depreciation, other managing fees, etc. which is in line with the increase of real estate development projects mentioned above. หน้า 4 ของ 5 III Share of loss from investments in

proportion in Associate Company and benefit to the Company and shareholders in the future. The transaction mentioned above is considered as acquisition of assets in accordance with the Notification of the

horization; an ve all abovem under the ocuments he Share any), and mmission, orities and nd mentioned