equity net of cash and cash equivalent and short-term investments Table 4: Key Financial Ratios 4Q 3Q 4Q YoY FY FY YoY 2018 2019 2019 (%) 2018 2019 (%) Profitability Ratio Gross profit margin (%) 50% 50

expenses for the 9 months of 2017, it is equivalent to 544.46 million THB or 90.61 % of total revenue compared to last year at the amount of 324.12 Million THB or 95.65%. Net profit remains showing a growth

shares with a par value of Baht 100 each; in the amount of USD 4,303,040 or equivalent to 134.9 million Baht, and from Goldman of 576,300 shares with a par value of Bath 100 each; in the amount of USD

equivalent position to the fourth executive and shall include the persons holding the position of manager or equivalent in accounting or finance departments. The Corporate Group’s total expenses in the 3rd

decrease of 30.45 million Baht from the same period last year, equivalent to 11.52% 1.1 Revenue from sales was 233.79 million Baht, decreased from the same period of last year by 30.45 million Baht or 11.52

Company. 2. Acquisition of 67,106 ordinary shares in Hero Experience from Travel Channel Agency Co., Ltd. (the “Travel Channel Agency”), equivalent to 2.5 percent of the registered capital of Hero

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened amid high household debt, whereas public investment and the government’s budget disbursement were aff...

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic Community (AEC), and the advancing digital age amid the rapid pace of technological advancement, thus lea...

31st December (Unit: Time) 2018 2017 Current Ratio 5.86 5.90 Quick Ratio 2.81 3.08 Inventory Turnover 2.91 3.37 • Current ratio was 5.86 times, decreased from the year 2017 which was equivalent to 5.90

previous year in the amount of THB 296 million or equivalent to a decrease of 3.9 percent as a result of the operating results of Domestic restaurant and bakery business and overseas restaurant business that