new clubhouse. For the property management business, revenue for the first half was THB 26.34 million, increased by 41.65% from the same period of last year. In summary, revenue from rent and service

quarter of 2018 in the amount of 65.79 million baht or 18.59 percent. Includes revenue from the sale of LPG and oil of about 328 million baht and revenue management, sales of 40 million baht revenue from

priority to the management of housing inventory and financial liquidity. (2) Rent and Service Business MK Group was able to continue to grow revenue from its rent and service business. This helped to

exchange rate fluctuations management. Total Revenue 941.7 909.9 -3.4% A decrease in total revenue by 3.4% ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASUMUDJADEE

exchange rate fluctuations management. Total Revenue 287.9 205.0 -28.8% A decrease in total revenue by 28.8% Total Revenue (MB) Description Note Cost of sales Cost of sales in total for Q1/ 2017 and Q1/ 2018

period of last year due to efficient exchange rate fluctuations management. Total Revenue 258.0 178.0 -31.0% Cost of sales Cost of sales in total for Q3/2017 and Q3/2018 was THB 196.1 MB and THB 150.9 MB

management service of Baht 19. 55 million and reduction of revenue from construction service of Baht 55. 01 million, whereas revenue from solar energy began to recognize in 2017 amounted to Baht 63.88 million

Page 1 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 9M19 total revenue of THB

projects increased continuously. For the property management business, the revenue recognition also improved. (2) In this quarter, the Company recorded total costs and expenses of THB 1,222.95 million

efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue Major revenue of The Group mainly came from revenue from steel tower manufacturing and revenue from sales of electricity. In