months of 2019 was THB 161.5 mm, which decreased by THB 449.6 mm or 73.6%, compared to the same period of pervious year, because of lower gross profit margin from revenue recognition of reversal of

profit of 459.69 million baht, 397.92 million baht and 378.71 million baht in year 2016, 2017 and 2018 respectively. Gross profit margin is 29.67%, 24.95% and 21.98% for year 2016, 2017 and 2018

international business from Master Ad Public Company Limited as a result of the coronavirus pandemic.  Recorded net profit of THB 12mn with a net profit margin 1.7%. KEY BUSINESS AND STRATEGIC UPDATES 1

subsidiary recorded net profit of 3,635 MTHB, increased by 576 MTHB or 18.8% comparing to year 2018, which due to the recognition of deferred tax assets from loss carried forward of the Company and its

198.4 32.5% Gross Profit Margin 54.3% 69.4% GPM before adjustment with PPA /2 54.4% 69.6% 2. Sale of Investment Properties Revenue from Investment Properties 2,100.6 - (100.0%) Gross Profit 161.5 - (100.0

The Company’s operating result for the 1st half year of 2020, the company has revenue from sales Baht 616.5 million, decrease from the same period of last year at 29.4%. Gross profit margin is equal to

% Net Profit for the Company 38 65 71% 99 187 89% Gross profit margin (%) 68.4% 64.7% (3.7%) 67.7% 65.0% (2.7%) EBITDA margin (%) 28.6% 31.2% 2.6% 25.7% 30.9% 5.2% Net profit margin (%) 17.6% 20.6% 3.0

gross profit margin of 35.46%, while the same period last year the Company recorded gross profit margin of 34.89%, increase by 0.57% The increase in sales and gross profit margin in 1 and 2 make an

30 June 2019 decreased to 39.4% from 43.2% in the same period last year. The decrease in gross profit margin YoY was mainly due to immediate full expenses recognition from the opening of new rental and

operating result for the 1st quarter 2020, revenue from sales decrease from the same period of last year at 5.5%. Gross profit margin is equal to 49.6%. Net profit for the 3-month period ended 31 March 2020