community will start to increase rental revenues in early of 2020. 4. The Coffee shop under brand “Casa Lapin” increase more sales and expect to break- even as according to the budget. Thus, you have been

services income increasing. The Company acquired non-performing loan by using the budget amount of 2,351 million bath in 9-month period of 2019. Management Discussion and Analysis, Q3/2019 Page3/4 JMT

(increased by 0.5 percent from Q3/2019) due to the marketing budget management in line with sales, and the growing international sales while the selling and marketing expenses in international markets were, on

) allocate sufficient resources and budget to persons who relate to any operation in compliance with such policy and plan; (2) provide a measure to control and monitor operation under such policy and plan

expenses from services was not in line with budget. The Company recorded an impairment of inventory Baht 25.42 million. (4) Gross profit The Company and its subsidiaries’ total gross profit were Baht 34.04

Expenditure Capital Budget in 2018 USD15 million Forwarded for your information. Sincerely yours, (Mrs.Voraluksana Ongkosit) Executive Vice Chairperson

of Universal Worldwide Transportation Limited at an increased cost, resulted in increased the creditor's of financial budget. Page 5 of 5 3 As at June 30, 2018 and December 31, 2017, the Company had

second quarter was THB 416 million increased by 14 % compared to the same period in the previous year. This because government budget incurred in second quarter. Gross margin in Q2/2018 from distributor of

is equal to 115,839,434 baht. In addition, the company has set a budget for procurement of information systems, furniture and office furnishings total 30,050,000 baht (Excluding VAT). 3.4 Criteria used

direct sales market and alter its marketing budget in line with revenues from sales and focused more on online channels. The company has the distribution costs for the first six month in total of 229.1