the explanation and analysis of the Management for the 2nd quarter of 2020 ended 30 June 2020 as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2020 2019 2018 Increase

million, an increase of THB 26 million or 24.2%. This amount consists of interest paid by ACM of THB 49 million, recognized through the income statement after commencing commercial operation, interest on

1 1. ANALYSIS OF FINANCIAL PERFORMANCE Income statement (MB) Q4/2016 Q4/2017 YoY % 2016 2017 YoY % Total Sales and Services revenue 1,043.98 1,039.90 (4.09) (0.39%) 4,376.96 4,308.04 (68.92) (1.57

estate developer and its customers. Although overall economy is soft, the Company’s target group of customers can maintain their purchasing power.   For recurring income business, the Company had adjusted

increase of revenue from office segment and management income • EBITDA stood at THB (93)mn, largely from the shortfall of revenue, partially relieved by lower operating costs and selling and administrative

the 6 months ended June 2020, East Water Group had total consolidated sales and services income of 2,157.63 million Baht, decreased by 203.12 million Baht or -8.60% and costs of sales and services

Q1/2020, East Water Group had total consolidated sales and services income of 1,157.02 million Baht, decreased by 7.81 million Baht or -0.67% and costs of sales and services totaled 614.99 million Baht

net profit increased by Baht 172 million or 23% even though the company did not receive dividend income from Ratchaburi Power Company Limited (RPCL) as in Q1/2017. The increase in net profit is mainly

total revenue of THB 1,621 million, a decrease of 9.5% from 4Q17, contributed by decrease in revenues from the absence of Dusit Princess Korat Hotel and Other income. Earnings before Interest, Taxes

(MD&A) For Q2/2017 GSteel 13 Appendix Unit : Million Baht 2 nd Quarter 2017 2 nd Quarter 2016 % Increase (Decrease) Income Revenue from sale of goods 5,445 5,212 4% Reversal of bad and doubtful debts