uncompleted repayment does not cause interruption of or problems to the business and not significantly affect to the business operation. Even though the Company cannot completely eliminate the default risk. B

last year. Selling, General and Administrative expenses increased significantly by 78.6% YoY from THB 66mn to THB 119mn. In this quarter, the Company recognised a non-recurring item from loss on

normal distribution. However, the revenue of the projects that occurred in the first quarter of 2018 increased significantly from the same period last year. Due to marketing strategy that focuses on

significantly from 36 mTHB to 59 mTHB (+ 60%) year on year. On the downside the project-based Golden Lime Engineering subsidiary did not generate significant revenue in Q1 2018, unlike in Q1 2017 when the

in the country in April. This significantly limited distribution channels for the Company’s customers and they delayed their purchase orders of the Company’s products. Consequently, domestic sales fell

same period last year. This figure shows that the Company significantly cut on sales expenses from the previous year according to the drop in sales revenue. However, sales expenses to sales revenue ratio

from 0.8 to 1.1 times. The Company expects the IBD/E to significantly decrease after the IPO. Year Ended December 31, 2018 (THB million) Six Months Ended June 30, 2019 (THB million) Cash and cash

the Outrigger Hotels for 5,357. 8 million from the related parties. The Company expects that the ratio of interest-bearing debt to shareholders will be reduced significantly. December 31, 2018 (THB

/2019 increases significantly from the reversal of the doubtful debt allowance in the amount of THB 11mm and decreases for the 9-month reporting period form the increase of COGS and loss from foreign

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Executive summary The overall global economy was projected to slow down significantly due to the COVID-19