financial reporting standards. Overall market environment The Thai economy for the first quarter of 2020 continued on a declining trend comparing to last year due primarily to the COVID-19 outbreak which

statements in the amount of THB 314 million, which is decreased from the previous year by THB 86 million, equivalent to 21. 4 percent which resulted from the declining in revenue from the Domestic and Overseas

decreased from the declining of revenue which because of the high market competitive in the competitor and pricing and also the slowdown of the turnkey project’s customer. Besides, it was from the increased

proportion of decreasing in total costs and expenses was lower than the declining rate in total revenue. This was due to the Company and its subsidiaries incurred financial costs during the development of real

million, decreased by Baht 72 million or 4.0% from Q3’2017, mainly from declining in total green tea market while the company still maintained market leader position, and partly from the fire incident at

Refinery Margin at the low level, following the global oil demand declining. This quarter recorded Operating GRM of 3.93 $/BBL, which improved from the previous quarter. Due to the loss of oil demand during

exchange risk protection and up-to- date information on the currency situation. For customer potential development, KBank has encouraged our clients to acquire business partners in the form of B2B (Business

% ⚫ According to business adjustment and cost control, gross margin of the Restaurant and Food Centre business are released from impact of declining in sales revenue. 4 / 4 3. Financial status analysis Unit

decreased by 9.9% along with declining in sales value • Shutdown expense increased by 144.3% from furnace maintenance and inventory management. Details were given below: − Temporarily shutdown for maintenance

subsidies.  General admin expenses were Bt2,648mn relatively flat YoY while declining 19% QoQ from lower staff cost.  Depreciation and amortization was Bt110mn increasing 15% YoY mainly from shop expansion