&A activity, sales & marketing expenses for the launch of new residential projects, write-off/impairment of asset, one-time income/expense, etc. Total Revenues In 3Q17, Singha Estate reported

THB % Million THB % Revenues Revenues from sales of real estate 2,825.8 84.7 3,088.5 93.8 262.7 9.3 Revenues from project management 280.0 8.4 127.9 3.9 (152.1) (54.3) Dividend income 0.3 0.0 - - (0.3

invested by Premium Foods Co., Ltd. 2.2 Novotel Chumporn Beach & Golf invested by Thai Flavour and Fragrance Co., Ltd. Operating Results (MB) 2020 2019 MB % 2020 2019 MB % Revenues from sales and rendering

generated revenues of THB 2,075 million from the sales and services, which is decreased from the same quarter of the previous year in the amount of THB 44 million or equivalent to an decrease of 2.1 percent

include: 1. Total revenues were Baht 67,423.88 million, a increase of Baht 1,373.97 million or up by 2.08%, comprising of the following: - Sales income which comprised of sales revenue and service income

quarter ended March 31st, 2018. The operating results were, Description First Quarter 2017 First Quarter 2018 Differentiate (Unit: Million THB) Million THB % Million THB % Million THB % Revenues Revenues

Change Amount % Total Revenues 7,849 7,590 258 3.4% Sales and service income 7,457 7,406 51 0.7% Other income 245 184 61 33.2% Gain on disposal of investment 147 - 147 100% Cost of sales and services 6,933

) (100.0) Loss on fair value adjustments of financial instruments - 69.0 - (69.0) (100.0) - - Profit for the period 166.2 151.7 121.3 (14.5) (9.6) 44.9 37.0 Revenues and Costs of Sales and Services The

) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2019 Year 2018 Increase / (Decrease) Million Baht % of Total Revenue Million Baht % of Total Revenue

”) reported total revenues growth of 49.1% y- y 2018 or THB 678.5 mil., primarily due to business combination consolidated Thai British Security Printing Public Company Limited (“TBSP”) since April 4, 2018