operating revenue by 23.6% YoY.  Online sales continued to grow remarkably by 375.1% YoY, while home project sales grew by 69.4% YoY, and OEM sales grew by 249.6% YoY.  The Company managed to maintain a

Liabilities 956 930 797 Shareholder’s Equity 422 431 445 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,646 3,979 3,727 Gross Profit 229 258 247 Operating Profit 113 131 126 Profit for the year 79 93 90 Other

the main customers in South America expanded more branches which lead to increase in the sales volume this quarter. In addition, Company’s revenue was affected by the appreciation of exchange rate of 3

27,639 148,080 (81.3%) Food and beverage revenue 132,311 207,457 (36.2%) Other revenues 66,090 87,643 (24.6%) Hotel income 226,040 443,180 (49.0%) Cost of sales and services 241,105 294,083 (18.0

%) because in the year 2019 there was waiting to deliver the area from owner of construction projects and waiting for the summary of additional works – reducing works. 2. Sales revenue of 2.62 million baht

of sales and services 283,641 318,018 (10.8%) Operating expenses 250,591 181,112 38.4% Finance costs - Interest expense 3,105 1,356 129.0% Net profit 10,948 165,285 (93.4%) Revenue from the hotel

152,513 (78.3%) Food and beverage revenue 89,137 174,164 (48.8%) Other revenues 55,671 72,147 (22.8%) Hotel income 177,887 398,824 (55.4%) Cost of sales and services 210,143 267,394 (21.4%) Operating

of 46%. The Company would like to clarify a significance change of Group’s operation results were summarized as follows 1. Revenue from sales of goods and rendering of services for the six-month period

decrease loss of 83%. The Company would like to clarify a significance change of Group’s operation results were summarized as follows 1. Revenue from sales of goods and rendering of services for the nine

May 12, 2020 Re : Management Discussion and Analysis for Q1/2020 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue