Human Resources will continue in 2019 as we further strengthen the organization, however overall SG&A will decline as Saraburi Quicklime synergies continue to contribute. With the startup of Hua Pha Way

of network capacity and coverage. This shall result in saving of investment to expand capacity and the enhancement of overall efficiency of network management as well as customer experience. AIS

market to industrial sector and household sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 39.59%. While LPG sold to transportation sector decreased 32.57

with the situation. And able to handle various situations the company expected that the overall situation in the second half of this year will be better than the first half. The company has 12 projects

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Executive summary The overall global economy was projected to slow down significantly due to the COVID-19

million or -8,561.42% due to revenue from operations was decreased while the overall expenses was increased at the higher rate than the revenue growth. 4 (million) Quarter 2/2020 Quarter 2/2019 increase

normal, the availability of these products has only been slightly affected by the COVID-19 situation. Moreover, most of our vendors' factories have already resumed their operations, so the overall risk to

Expenses 1,148.8 2,103.6 1,123.0 (954.8) (45.4%) 25.8 2.3% Profit for the period 59.7 132.8 102.8 (73.1) (55.0)% (43.1) (41.9)% Overall, the global economy is likely to slow down significantly due to the

due to lower consumer confidence and overall consumption. Demand for housing loans also fell, especially low-rise housing. Going forward, financial institutions expect increasing demand for loans from

Market (“TWSE”) and the offering of Over-allotment option by the Company for the purpose of supporting future business expansion domestically and internationally as well as for the purposes of overall