challenges associated with COVID-19, OSP delivered Q2’20 Net profit* at THB 804 million, +13.2% YoY with net profit* margin of 13.6%, +230 bps YoY. 1H’20 Net profit* was at THB 1,730 million, +8.2% YoY, with

analysis /Page 9 Food and Hardline segment, including the increasing of online sales which had lower margin and also discount given to customers to boost the sales. ii) Gross profit from rental service and

from increasing in total revenue from sales. The consolidated gross profit margin contributed of 13. 46% in 1Q2019, slightly decreased from 13.65% in 1Q2018. The participating profit from associates was

performance of the Group Unit: Million Baht 2019 2018 Increase (decrease) Variance (%) Total revenues 6,797 8,080 (1,283) (16%) Net profit 331 526 (195) (37%) The Group’s total revenues for 2019 amounted Baht

the decrease rate of 68.93% in revenue from property development operations. Revenues and gross profit from hotel operations Revenues from hotel operations The details of revenues from hotel operation

year 2019, the gross profit at Baht 56.68 million, increase of Baht 8.45 million or 17.52% compared to the year 2018, varied to the increasing of revenue from sales of land and houses, details as

million, increasing by Baht 768.02 million or 1.3 percent from Baht 59,009.50 million as at December 31, 2017. The main reasons were as follows: 4.3.1 The profit of the nine-month period of the year 2018 in

Company) of Baht 1,741.26 million or Baht 1.20 per share, increasing by Baht 614.68 million, or 54.6 percent, compared to the profit of Baht 1,126.58 million or Baht 0.78 per share of the 1st quarter of

100.00% Impairment loss of investment property 6.82 - 0.00% 6.82 100.00% Total expenses 564.80 81.44% 825.14 98.61% -260.34 -31.55% Profit before finance costs and income tax expenses 128.71 18.56% 11.66

Osotspa Public Company Limited Q2’19 and 1H’19 Management Discussion & Analysis 14 August 2019 Q2’19 and 1H’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q2’19 Net profit* was