margin fell to 1.7% (1Q 2019; 9.0%) • Reported net loss of THB 807mn (down 238% YoY), from the aforementioned lower EBITDA as well as higher share of loss from joint ventures and higher depreciation and

expenses as a result of Company’s response plan to COVID-19. EBITDA margin fell to -17.7% (2Q 2019; 22.3%) • Reported net loss of THB 1,213mn, from the EBITDA shortfall as well as higher share of loss from

Liabilities as of year 2019, mainly due to a decrease of debt under trust receipt and accounts payable and other payables. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD

Profit / Cost of Sales Analysis and Sales and Administration Analysis Gross Profit increased by THB 339 million with the gross margin being 15% in 2017 up 1 percentage point from 14% in 2016, due to higher

%) YoY, resulting from the achieved growth in EBITDA for both the Food Business and the Hotels Business of 22.8% and 1.8% respectively. With regards to the EBITDA Margin, the Hotels Business achieved an

Q2/2020, the Group’s gross profit of totaling of Baht 42.58 Million, which gross profit margin of 7.55%. Comparing with Q2/2019 totaling of Baht 48.31 Million or gross profit margin of 8.94%. The

2nd quarter of 2018 to THB 172.8 Mn in the same period of 2019, a decrease of THB 4.4 Mn or 2.5%. The gross profit margin decreased from 24.3% in the 2nd quarter of 2018 to 22.8% in the same period of

sales revenue (%) 36.21 39.11 Gross Profit Margin (%) 63.79 60.89 Table 6: Cost of Goods Sold by Type of Expenses for the nine Months Period Ended 30 September Cost of sales Consolidated financial

UE, which ws funded by a capital increase via issuance of preferred shares last quarter. The majority of assets acquired by EBT of UE was the BTS- Sansiri JV (Sansiri JV)  Net debt to equity ratio as

the EBT of UE, which was funded by a capital increase via issuance of preferred shares in the first quarter  Net debt to equity ratio as of 30 September 2018 stood at 0.53x, an improvement from 0.93x