% gross profit margin, respectively. The increase of gross margin was due to the additional adjustment of the cost forecasting since end of 2019 causing a reduction of the gross profit margin. Cost of

comparison with the previous year, due to the delay approval process of budget expenditure of the government for the 2020 fiscal year. • Revenues from sales and beauty treatment services for the year 2019 were

MACO’s performance was dramatically affected from lower advertising demand due to the COVID-19 pandemic and global economic uncertainty.  Consolidated revenue decreased by 25.9% YoY to THB 512mn o

is significant due to its investment objective which informed to shareholders in the Company’s filing and according to Good Corporate Governance. Therefore, the Company has to propose to the

from 25.2% to 44.7% due mainly to the fact that WHART solely used the debt funding from financial institution which is deemed lower cost of fund compared to the fund raised from investors to acquire the

4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of

, significantly increasing from the same period last year due to higher operating EBITDA, as a result of hotel business expansion and gain from exchange rates • Reported net profit of THB 393mn (compared to a net

transaction is significant due to its investment objective which informed to shareholders in the Company’s filing and according to Good Corporate Governance. Therefore, the Company has to propose to the

movie rights of Baht 16.71 million, and other incomes of Baht 15.34 million. It decreased by Baht 180.64 million, compared with the same period of the year 2016. This was mainly due to the termination of

1,375 million Baht. The significant increase was mainly due to the ability to continually transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon totaling of 94 residences, and to recognize revenue