. In the past, the Group recorded revenue and cost of procurement and fabrication service by percentage of completion according to TAS11. The portion of each segment revenue of Q1-2018 & Q1-2019 as

881 www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2019 2 Total revenue grew by 11.1% year-on-year, driven by higher sales from the automotive parts segment. Interest

recognized the revenue by completed segment but not yet completed which those reached the invoice. As a consequence, trade receivables decreased, resulting in an increase unbilled receivables. Unbilled

segment on Q3 2018 are following; EPC service 31.96% of total revenue, then SMP & E&I service 28.73%, Civil & Building service 27.74%, and Fabrication and other service 11.57%, respectively. Revenue from

operating revenue breakdown by business segment (Unit: Million Baht) Second quarter 6-month period 2020 2019 Change % 2020 2019 Change % Revenue from sales of real estate 2,233 1,992 241 12 3,859 5,045 (1,186

. As a result, the construction segment services income of the Group are varieties into each service segment. Due to customer’s requirement which are not focusing on any particular service group. 2

as sales. Although the Company will has been better administration for cost of sales and control expenses than previous year, as a result to revenue recognition and gross profit was decrease. Net

4,788.68 4,865.66 +1.61% Selling and Administration 103.61 104.66 114.92 95.48 392.98 418.67 +6.54% EBIT 84.88 61.10 (3.27) 54.22 432.47 196.93 -54.46% Net Profit 70.56 50.78 (0.34) 45.53 358.62 166.54

. Administration expenses increased 2,455,302 baht compared to the same period of the last year mainly from expenses related to IPO of the Company’s new shares and legal advisory fee. 5. Corporate tax decreased

of companies (the “Project”) which aims to clearly separate the business line within OISHI’s group of companies, enhance the management and administration flexibility and increase the capability of the