profit margin 43.65% 42.10% 2. Advertising and Media Business Revenue from services 0.81 3.71 2.90 358.02% Cost of services 3.85 9.54 5.69 147.79% Gross profit of advertising and media business (3.04

reserve The result of this agreement is to eventually enhance operating margin of our gas-fired combined cycle cogeneration projects. Projects under construction are on track Nam Che 1 Hydro Power Plant

| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

expanded at a slower pace compared to the previous quarter, with merchandise exports contracting as global trade weakened, resulting in a decline in domestic industrial production. Meanwhile, tourism

.) Export sector was impacted from country lock down of the partner countries due to the discontinuance of production chain 3) Government spending and investment shrinkage due to the delay of government

, respectively. Private investment slowed to 2.8 percent from 4.1 percent in 2018 while manufacturing production declined 3.7 percent, in line with a low capacity utilization rate of 66.3 percent, below the five

for the company 888 1,052 899 (15%) 1% 2,453 2,873 17% Gross profit margin* (%) 28% 28% 24% (4%) (4%) 24% 27% 3% Net profit margin (%) 21% 16% 13% (3%) (8%) 16% 15% (1%) * Exclude costs of depreciation

(%) 16.45 15.56 11.45 11.45 D/E (X) 0.32 0.36 0.42 0.21 Total Asset Turnover (X) 0.57 0.53 0.60 0.83 Gross Profit Margin (%) 62.39 58.2 55.07 55.49 EBIT Margin (%) 23.20 29.36 19.13 30.31 Net Profit Margin

percent, a drop from 0.78 percent in the same period last year and 0.66 percent in the last quarter, reflecting the low overall cost of production and the slow recovery in household purchasing power. The

to small and medium-sized exporters, resulting clearer signs of acceleration in industrial production. In the meantime, private consumption only grew slowly due to weak overall household purchasing