operational systems to scale up franchise operations, while the franchise opportunities are expected to be ready by end of May 2020. Q1/2020 Management Highlights Cost-saving initiatives have been carried out

1,112.0 1,148.8 1,628.5 (36.8) (3.2) (516.5) (31.7) Profit for the period 50.4 59.7 69.8 (9.3) (15.6) (19.4) (27.8) The effects of COVID–19 are more severe than expected. Overall, the Thai economy in 2020

coverage to 8 provinces nationwide Growth from sales of the Mikka franchise as expected During the new outbreak of COVID-19 pandemic, the Company focuses on pop-up stores by adding more service points to

addition, the allowance for expected credit losses (allowance for doubtful accounts) was recorded in Q2–2020. As the result, the total operating expenses in Q2–2021 increased at a rate similar to the

because in Q3-2020, an allowance for expected credit losses on long-term receivables was recorded and there was also a directors' bonuses expense, which has been approved at the shareholders' meeting on

13.06% Loss on exchange rate 31 126 -95 -75.43% Expected credit losses (reversal) -10 -15 5 -31.23% EBIT before share of profit (loss) from investment in associates and joint venture 187 150 37 24.49

is because in Q3- 2022, the allowance for expected credit losses incurred from long- standing receivables and the loss on fair value adjustments of equity investments higher than other quarters were

rate was 9.6. This is because in Q3-2023, the Company had a significantly lower gross profit margin than Q3-2022, net of reserves recorded in Q3-2022. The Company recorded an allowance for expected

. - Major renovations at 2 shopping malls, namely CentralWorld, which began in 4Q16 through phases and expected to be completed by 3Q18 and has an occupancy rate of 84% at the end of 2017. The other is

the measures imposed by the Chinese government to curb the outbreak in China. The impact to tourism segment is expected to be more pronounced for March and for the second quarter with the number of