revenue is higher than it was in 2019, in relation to selling of products to the sky train construction project. 3.4 The selling and distribution expenses of the first quarter of 2020 increased 11.76

service compared with revenue from sales and services - Property development - Concrete products and others 71.07 % 52.51 % - 35.35 82.65 % 98.44 % - (16.04) 1.5 Sales and distribution expenses 25.84 MB

auditor of listed SOEs, has joined the project to enhance its audit quality on par with the same standards. The World Bank will assign an expert on international audit standards to train OAG officers and

city, rather than placing a fewer number of locations within a higher number of unique cities. This also allows the Company to gain efficiencies effectively in regards to distribution, production and

manufacturing and selling of brake calipers and housings, differentials, suspension, and engine parts. SP has a capacity of 90,000 tons per year and is a Tier 1 and 2 Automotive Parts Supplier. Date of

S.A. (“SP”) Business Characteristics SP, located in Maia, Portugal, engages in the manufacturing and selling of brake calipers and housings, differentials, suspension, and engine parts. SP has a

” which upgraded the quality of fuel with the Green S technology that would bring out maximum engine performance. The products were well-received by customers. The company is able to continuously grow its

and installation of the pipeline 239.05 248.60 (3.84) Income from water production and distribution 31.25 24.31 28.55 Income from installation and distribution of water production systems 3.40 25.03

) (70.9 %) 2.7 % Gross Margin 364.5 28.0 % 374.4 29.1 % (2.6 %) Distribution Costs (197.2) (15.1 %) (148.8) (11.6 %) 32.5 % Administrative Expenses (63.2) (4.9 %) (57.9) (4.5 %) 9.0 % Profit before Income

40 11 28% 30 50 -20 -40% Distribution costs -90 -70 -20 29% -62 -59 -3 5% Administrative expenses -108 -181 73 -40% -75 -150 75 -50% Finance cost - Interest expenses -11 -11 - - -8 -7 -1 14% Corporate