brand products, and more efficient cost management. In addition, the revenue from Distribution Center was higher than cost that would affect the lower cost of inventories. 3. Selling and administrative

last year which came from more effective management in logistic & distribution. Statements of Financial Position and Selling and Administrative expenses Financial cost Unit : THB million Change Y2019

) -50.41% (202.10) -52.36% (18.23) -9.0% Gross profit 180.89 49.59% 183.87 47.64% (2.98) -1.6% Other income 0.72 0.20% 2.86 0.74% (2.14) -74.9% Distribution costs (77.31) -21.20% (88.97) -23.05% (11.66

21.2% compared to the same period last year. The primary reason is the decrease in cost of sales of real estate and distribution costs which normally vary according to the decrease in revenue from sales

% 141.84% Cost of sales (64.14) (90.36) 26.22 (29.02%) (74.86%) (105.46%) Gross Profit 21.54 31.17 (9.63) (30.90%) 25.14% 25.65% Other income 5.06 4.87 0.19 3.90% 5.91% 4.01% Distribution costs (17.79

7.40 Other income 2,187 1,266 921 72.75 Profit before expense 55,142 50,572 4,570 9.04 Selling and distribution expenses (44,345) (30,778) 13,567 (44.08) Administrative expenses (54,765) (52,733) 2,032

activities as well as manufacturing efficiencies. Selling and distribution expenses for FY2020/21 has reduced from FY2019/20 by Baht 16.4 million, in tandem with the reduction of revenue. Administrative

Co., Ltd. (“GWM”), running the business of kidney cleanser and medical supplies manufacturing and distribution, which is decrease from the same quarter of the previous years for 0.47 million baht

%) 100.00% 148.40% Cost of sales (34.89 ) (48.06 ) 13.17 (27.41%) (76.73%) (105.71%) Gross Profit 10.58 19.41 (8.83 ) (45.50%) 23.27% 28.77% Other income 3.02 2.78 0.24 8.53% 6.64% 4.12% Distribution costs

Discussion and Analysis, Q1/2020 Page 2/ 7 Jaymart Public Company Limited Consolidated FS Quarter 1/2019 Quarter 1/2020 Change MB. % MB. % MB. % Selling and distribution expenses 222.4 8.1% 201.1 7.5% -21.3