profit from related technology business, and lower selling and administrative expenses, resulting in an overall increase in the Group’s net profit. Analysis of revenues 2018 2017 Increase (decrease

385,457 389,215 (3,758) (1.0) 374,124 341,345 32,779 1.41 Other income 15,237 11,862 3,375 28.5 18,106 12,687 5,419 42.7 Profit before selling and administrative expenses 400,694 401,077 (383) (0.1) 392,230

385,457 389,215 (3,758) (1.0) 374,124 341,345 32,779 9.6 Other income 15,237 11,862 3,375 28.5 18,106 12,687 5,419 42.7 Profit before selling and administrative expenses 400,694 401,077 (383) (0.1) 392,230

100.00% 73.48 100.00% (1.75) (2.37%) Expenses Cost of sales 6.10 8.51% 6.96 9.47% (0.86) (12.31%) Cost of service and rental 14.48 20.18% 13.55 18.44% 0.93 6.87% Selling and service expenses 0.42 0.58

borrowing as financing for (1) the acquisition of Thai food business and (2) dividend payment. Tax Expenses Income tax expense decreased slightly from THB 20.9 Mn in 2016 to THB 20.1 Mn in 2017 a decrease of

increased interest expense from increased short-term borrowing as financing for (1) dividend payment and (2) the acquisition of Thai food business “Tummour.” Tax Expenses Income tax expense decreased slightly

higher actual cost than what was firstly projected. Selling and Administration Expenses The company recorded selling and administration expenses of 42.81 million Baht for the first quarter of 2020

1,403.07 13% Cost of hospital operations 276.11 258.34 7% 1,101.98 985.67 12% Gross margin 117.88 108.76 8% 485.45 417.39 16% % Gross margin 30% 30% 0% 31% 30% 1% Administrative expenses 41.54 40.51 3

impact from currencies appreciation as compared to previous year. 3. Selling and Administrative Expenses For the year 2018, the Company’s SG&A expenses were Bt. 4,247.97 million or 3.76% of the total sales

Baht or 20%. In the year 2018 Administrative expenses, including the asset impairments of under construction in Lamphun Plant in the amount of 21 Million baht, while the cost of distribution decreases