950 million, consisting of Baht 888 million of contract revenue, Baht 55 million of gain on sales of land and Baht 7 million of other income and interest. This is an increase of Baht 70 million (8

service income for the year-ended 31 December 2019 was 800.8 million baht compared to 1,220.6 million baht for the year-ended 31 December 2018, decreased 419.8 million baht or 34.4 percent. It was mainly

2017. The MD&A would enable the investors to better understand the Company and its subsidiaries’ 2nd quarter of 2017 reviewed financial statements. An Analysis of Performance * Analysis of Income The

. 8.01 6.66 1.35 20.27 Total revenue from sales 144.72 176.54 (31.82) (18.02) Services Income - 0.09 (0.09) (100.00) Less Returns in / Discount. 11.31 4.05 (7.26) (179.26) Total Incomes from sales and

% increase from increase from the same period last year. Additional income from 2 subsidiaries is 1. AVF increase over the same period of the previous year 1 3 .6 6 million baht from BRAND ECCO , KEEN and 2

Revenues 321.05 350.25 (8.34) Total Expenses (302.29) (335.59) (9.92) Finance Costs (6.01) (6.61) (9.08) Profit before Income Tax Expenses 12.75 8.06 58.19 Income Tax Expensed (2.61) (0.79) 230.38 Net Profit

first six- month of the year 2017 ended June 30, 2017 as follows: Company’s Performance (unit: million Baht ) 2017 Percentage (%) 2016 Percentage (%) Change increase (decrease) (%) Total income and other

., Ltd. (engage in business of Rubberwood Sawn Timber) and Fancy Assets Co., Ltd. (engage in business of real estate) with total income increase of 67.25 million Baht and 107.31 million Baht respectively

195 million in 2Q2017 (47 percent decrease), due to a decrease in the performance of the Company’s investments. 2. The Company’s interest income on margin loans increased from Baht 24 million in 2Q2016

investors to better understand the Company and its subsidiaries’ 3rd quarter of 2017 reviewed financial statements. An Analysis of Performance * Analysis of Income The Company and its subsidiaries recorded