same period of previous year. The main reasons for the substantial difference are as follows: • Costs of sales electricity and service for the three-month period ended June 30, 2019 was Baht 39.89

revenue of 144.20 million Baht, an increase of 0.06 million Baht or 0% compared to quarter 1/2019 and a decrease of 5.21 million Baht or 3% compared to quarter 4/2019. Due to efficient cost management

was due to the fact that the Company has focused on promotional activities were also organized jointly with leading shops and department stores. In May 2017, the Company cooperated with Big C

decreased by 64% compared to the same period at the previous year. The main reason from decrease in service revenue due to Wutiisak Clinicintergroup Co., Ltd. “Wuttisak” changed business to franchise model. 2

to 400 days. For the six-month period, the Group reported total gross profit at THB 43.9 million. When compared to the same period of prior year, the gross profit decreased by THB 2.4 million. It main

subsidiary company has suitability due to invest in business with support main business as it will benefit the - 4 - ส ำนักงำน : 256 ถ.พหลโยธิน แขวงสำมเสนใน เขตพญำไท จ.กรุงเทพฯ 10400 โทรศัพท์: 02-278-1777 โท

to THB 10,145mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion and revenue from the sales of Mo Chit Land. • EBITDA reached THB 3,195mn

increase came from net interest income which rose Baht 608 million, or 2.63 percent, due largely to interest income from repurchase agreement transactions. Net interest margin (NIM) was equal to 3.37 percent

. Meanwhile, internal and external factors that affect the Thai economy are the slowing global economy growth due to the inconclusive trade war between the US and China. Having considered the above-mentioned

main driver in increasing the cost-to-sales ratio from 53.1% to 64.4% in this year. VGM’s cost structure is higher than MACO’s domestic business due to higher expenses from concession in Transit and