and 2020 were 61.3% and 60.9%, respectively, decreased by 2.7% from Q4/2019 and 3.8% from 2019. • The decrease in gross profit margin was mainly due to the reduction in total revenue from sales in a

expenses -74 -68 -6 8.4% Net profit (loss) Attributable to Equity Holders 501.0 601 -100 -16.6% Net profit (loss) Attributable to Equity Holders Margin (%) 6.4% 8.0% -1.6% Net profit (loss) attributable to

: million Baht 30-Jun-20 31-Dec-19 Total Assets 25,964 26,400 Total Liabilities 10,049 9,219 Total Equity 6,204 7,014 Minority 9,711 10,168 Gr ou p Gr ou p HR C Gr ou p Management Discussion and Analysis

) An extension of the maturity date for redemption for three years;       (3) A reduction of interest rate to 2-7 percent per year, from 20 November 2024 until the new maturity date.  Regarding

THB 36 mil. or 10.3% negative growth when compared to the same period of last year, primarily due to dumping price by competitors and focusing on electronic payment and number of bank branches reduction

million baht lower than the nine-month period for 2018 by 9.4 percent. The reason for the Company’s incurred a lower net loss are the Company is able to manage higher gross margin and a reduction of

reduction of defaulted interest under the court order 16.66 0.00 16.66 N/A 11.86% 0.00% Distribution costs (20.42 ) (20.47 ) (0.05 ) 0.24% (14.53%) (9.36%) Administrative expenses (68.82 ) (54.87 ) 13.95

in recurring revenue was insufficient to offset the reduction in non-recurring revenue. T.662 636 6999 F.662 646 4200

some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to recognize

: Adjusting some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to