income Analysis, Q2/2 ement Discu ent ock Exchang ublic Compa solution to c s for the sec The results mance in co on baht more 4.9 percent. T ancial statem s an increase nt ss in the perf with the prev

same period in the previous year. Drop in revenues mainly came from closed non-performance branches together with high competitive situation focusing on the pricing competition directly affecting to

increase of allowance for doubtful accounts of trade and other receivables and is in line with the growth of revenue of the Group. Finance cost In 2017, the Group has the finance cost of Baht 124 million

of the employee and executive expenses of THB 20.98 million or 47.51% which consistent with an increases in number of employee in order to support the growth of the business, (2) Rise of allowance for

Ritz-Carlton Residences, Bangkok with the total amount of 521 million Baht, decreasing by 62% as compared to the same period last year of 1,360 million Baht from the transfer of 27 residences. MahaSamutr

model with 55 branches were sold under such models. The royalty fee of 6% and marketing fee of 4% of monthly revenue are considered as income. However, royalty fee of 34 branches will be received after 1

, stable ratio with the corresponding period of previous year. The main reasons were an increase in employee expenses of Baht 1 million due to salary increasing and an increase in promotion expenses of Baht

second quarter of the year 2020 of Baht 40.85 million decreased from Baht 127.07 million from the second quarter of the year 2019 of Baht 86.22 million or -67.85% in line with the decrease in revenues due

an unfavorable condition of the Company’s traditional trade channel because of the terminated contract with the distributor, which was effective since 30 June 2019. Further in this year, the period

period of the previous year (Quarter 3 of 2019: THB 12.86 million), which is line with the greater irradiation. - Service income and rental income In Quarter 3 of 2020, SAAM Group’s service and rental