of sales 39.45 40.50 10.34 9.88 Administrative expenses 47.24 43.72 12.38 10.67 Loss (profit) from the exchange rate 0.77 0.95 0.20 0.23 Financial costs 22.98 16.41 6.02 4.01 Income tax expense 3.80

) Profit before expenses, finance cost and taxes 20.21 23.07 30.55 25.73 10.34 51.16 Distribution costs 2.36 2.69 2.33 1.96 (0.03) (1.27) Administrative expenses 10.14 11.57 8.79 7.40 (1.35) (13.31) Profit

expenses 68 3 95% Finance costs 267 237 11% Total expenses 8,250 6,324 23% Three month period ended 31 March บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis

49.34 17.69% Finance cost 49.11 68.10 18.99 38.67% Income tax expenses 48.04 57.52 9.48 19.73% Net profit 181.71 202.58 20.87 11.49% Net profit ratio (ROS) 17.16% 15.74% Earnings per share (Baht) 0.34

67.37 94.72 27.35 40.60% Income tax expenses 59.19 65.40 6.21 10.49% Net profit 227.68 252.81 25.13 11.04% Net profit ratio (ROS) 16.00% 14.78% Earnings per share (Baht) 0.37 0.42 0.05 13.51% Total

interest and taxes (EBIT) 32.79 107.16 (74.37) (69.40) Financial costs 0.72 0.13 0.59 453.85 Income tax expenses 2.86 20.81 (17.95) (86.26) Net profit 29.21 86.21 (57.00) (66.12) Earnings before interest

61.27 67.82 (6.55) (9.66) Administrative expenses 33.04 43.47 (10.43) (24.00) Earnings before interest and taxes (EBIT) 10.97 (2.70) 13.67 (506.71) Financial costs 2.77 1.09 1.69 155.39 Income tax

credit loss Finance costs Other expenses 2,060 1,965 523 96 1.0% 4.3% 10.0% 3,086% 7,832 6,629 1,745 11 8,117 7,263 1,904 98 3.6% 9.6% 9.1% 784% 7,029 5,771 1,826 10 7,387 7,070 1,970 96 5.1% 22.5% 7.9

, personnel expenses, cost of passenger service, depreciation and aircraft rentals. For the second quarter and six- month period of year 2020, costs of sales and services were 2,204.8 million baht and 7,192.5

obsolescence, impairment cost for business at Malaysia and computer expenses to develop Omni-channel platform. While management fee and maintenance expenses decreased from cost control measures. 6. Finance costs