volume (Ton) - Euro 623 382 -38.68% - United States dollar 927 622 -32.90% - Thailand baht 2,216 2,740 23.65% Total sales volume (Ton) 3,766 3,744 -0.58% Average FX - THB/EUR 38.36 35.51 -7.43% - THB/USD

decrease in sales volume of sauces and condiments in Europe. Sales volume (Ton) - Euro 382 251 -34.29% - United States dollar 622 550 -11.58% - Thailand baht 2,740 2,534 -7.52% Total sales volume (Ton) 3,744

). Sales in China, which accounted for 36 percent of total sales, decreased by 14.8 percent compared to the previous year, due to such impact of the closure of international and intercity transportations

and the auditor have prepared the Pro Forma Consolidated Financial Information by combining the interests of the amalgamated companies (pooling of interest), total assets and liabilities of the

2,093 Unit: million Baht 31 December 2018 31 December 2017 Fin an cia l St at us Total Liabilities 5,607 5,492 Total Asset 18,824 19,546 Total Equity 13,218 14,054  The Company posted net loss for the

) 886 2,093 Unit: million Baht 31 December 2018 31 December 2017 Fi na nc ia l St at us Total Liabilities 5,607 5,492 Total Asset 18,824 19,546 Total Equity 13,218 14,054 • The Company posted net loss for

Analysis Quarter 2 Ending 30 June 2019 Highlights Q2/2019, the Company and subsidiary’s total net loss equals Baht 223 million, loss decreased by Baht 1,178 million or 84% comparing with same period of last

Germany, France and United States respectively. In the first quarter of year 2018, the Company reported total revenue amounting to 7,830.7 million baht, increased by 4.8 percent from the same period last

percent, Thailand at 21.0 percent of total passenger revenues. In terms of point-of-sales by country, China contributed the highest proportion of passenger revenue followed by Germany, France and United

Page 1 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 9M19 total revenue of THB