Profit 56,739 41,954 14,785 35.24 Gross profit margin (%) 53.50 54.98 (1.48) (2.68) Golf Services & Property Management Revenue 37,795 https://market.sec.or.th/public/idisc/Download?FILEID=dat/news/202005

decreased by 25.0%. The rate is similar in both gross profit margin and operating expenses. The Profit in Q1–2023 was in line with changes in revenue compared to Q1–2022 and Q4–2022. However, when comparing

-30% %Gross Profit Margin* 18.3% 26.3% - 22.1% 28.7% - Selling Expenses 290 239 +21% 970 873 +11% % Selling Expenses to Sales 19.9% 15.6% 18.1% 14.8% - Administrative Expenses 154 147 +5% 566 523 +8

sale revenue increase by 4.43% results in better profit margin compare to the year 2018 which is increase by 10.87 million baht due to the company has more capability to control waste thus, the

total revenue respectively (compared to 18.66% and 15.60% in the previous year). Net profit margins for each business segment are shown below: Net Profit Margin (to Total Revenue) 2019 2018 Manufacturing

by 20.8%. This represent net profit margin of 0.91%. The major reasons for the Company’s net profit increasing were the Company can achieve a higher total revenues and gain from fair value adjustment

follows: The Company’s Performance for the yearly end in 2017 showed a Net Profit of 6.4 million baht, higher than 2016 by 1.2 million baht or an increased by 20.8%. This represent net profit margin of 0.91

current investment. 2. Cost of sale , Profit margin For year 2018, the company had cost of sale of 396.52 million bath compare to 333.48 million baht last year with the increasing of 63.04 million bath or

net profit margin of 17.23% and 8.97% respectively. Net profit margin decreased mainly from accrued bonuses in 2018 and extra expenses related to preparation to be listed on the Market for Alternative

first quarter of 2019 equal to 316.9 million Baht or represent gross profit margin at 58.0%, decreases from the same period last year. However, if consider only the debt management business the gross