Networking At present, the total branches of Land and Houses Bank Public Company Limited was 133 branches, number of branches has the same number when compared to the end of 2016. Most of provincial branches

remain low. At the end of 3M18, the same store sales of restaurants in Cambodia increased by 4.1 percent while the same store sales in Singapore and the UK declined by 14.9 percent due to a higher

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

increase in revenue from Centre Point Hotel Pattaya which opened in the end of 2018. Page 2 of 4 3. Revenue from rental office building business: In 2019, revenue from rental office building business

steel price trend while inventory still had higher price. Also, when comparing to the same period of last year, inventories on hand end of 31 March 2016 had low cost since last quarter of year 2015. 4

Group’s ROE increased from 18.58 percent as at end of 2016 to 25.84 percent as at June 30, 2017 or an increase of 7.26 percent, due to the increase in annualized projected annual net profit of 28.59 percent

compared to the end of the prior year. It was mainly from the depreciation of equipment during the period. Total liabilities were represented at THB 93.9 million, decreased by THB 43.5 million or 31.7% when

0.41 percent) due to the increase in gross profit margin of 2.87 percent. Earnings Efficiency Return on Equity (ROE): The Corporate Group’s ROE increased from 18.58 percent as at end of 2016 to 23.03

% decreased from year-end 2016. This was mainly due to the decrease in both trade accounts receivable and inventory. The trade accounts receivable was decreased by Baht 89 million from Baht 701 million in year

by the end of accounting period (as of December 31, 2018 and 2017). - Other income from gain arising from change in fair value of biological assets which increased by amount of Baht 12 million