million, a decrease from 2017 of THB 20.41 million or 16.82 per cent. The main reasons are as follow: 1. Income from service and commission of the Consolidated Financial Statements, amount of THB 702.32

deduction of earned premium net of reinsurance and commission and brokerage income totaling Baht 32.97 million as a result of the deduction in net retention and portion of high risk products. 2. Operating

% Other income 215 3% 164 3% 51 31% Total revenues 7,165 100% 5,426 100% 1,739 32% 2 EMS business In 2017, the Group generates revenue of Baht 2,300 million from EMS business, which is increased by Baht 643

Power Public Company Limited (CKP) with total gains on sale of investment in the amount of Baht 184 Million, net of corporate income tax. 3. On July 16, 2018, the Company sold 111.2 million shares of CK

management in contemplation of enhancing business efficiency to accommodate sustainable growth. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Revenue Major revenue of The Group mainly

generated total revenues of 5,619 million Baht; or increasing by 118% as compared to the total revenues in Q2 2017 of 2,579 million Baht. This was mainly due to the increase in revenue from sales of the

-month and 6-month period ended 30 June 2020 in comparison with the corresponding period last year ended 30 June 2019 1 Revenue from sales In the 2nd quarter of 2020, total revenue from sales were THB

Debts with fixed interest % 49% 58% Credit Rating by TRIS AA- A+ 1 Net debt after debt for capex and investments in progress that are not generating revenue and earnings as on date given Figure 2

2018 of 147 million Baht, (3) other income including trademark and trade name fees of DEAN & DELUCA of 246 million Baht (31% of total revenue); significantly increased by 324% as compared to Q1 2018 of

and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 2 2. Operation performance according to consolidated financial statement Unit : Million Baht 2018 2017 Revenue from sale and rendering of