products. -2- Revenues Classified by Distribution Channels 12 Months 2018 12 Months 2017 Variation THB % Domestic Restaurant and Bakery Business 6,184 6,098 86 1.4 Food and Bakery Wholesales Business 773 762

1/2 L-WAVE ENT 20/2020 15 May 2020 Subject : Management’s Discussion and Analysis for the first quarter 2020 operating results with variation greater than 20% compared to the same period of 2019 To

Company's net profit margin to total revenue increased from 5.2 percent last year to 4.3 percent this year. Net Profit 12 Months 2019 12 Months 2018 Variation THB % Net Profit pursuant to the Financial

with direct variation to the following variables: (a) gold price: (b) index comprising or relating to crude oil either wholly or partially; 2 (c) commodity index; (d) index comprising basket of

ให้ใช้วิธีการนับยอดคงค้างการลงทุน เพื่อให้อยู่ในวงเงินที่ได้รับอนุญาต ดังนี้(3.1) ยอดเงินวางประกันขั้นต้น (initial margin) รวมกับเงินวางประกันเพิ่ม(variation margin/margin call)

of loss from onerous project contract in the amount of THB 32.19 million as a result of variation of current raw material price from quotation price. However, this transaction would be reviewed in the

!" # $% & ' %( )*+ , ,% -* ".+ / ' ' %*# %+ 0 ', " 0.1 / 1 00.(!" # $% '!(+) + / 02',# %,'-! / 0%(+) + / 02 0',# %,'- 0 23 1 .. 54 % # Position risk - Futures /'#0+, !3&' +,S& #1 $E &.%/$)0 0) 1E #1 R'3 variation margins

deed of variation in respect of rights and fees to the sponsorship agreement with Chelsea Football Club Limited to extend the contract from the previous scheme of a three-year sponsorship ending 2019. At

for the distribution of 3rd party products was 8.7%, a decrease from 10.8%. The margin variation mainly due to the product variety among this group as a usual of the trading business conduction under

Coefficient of variation = Standard deviation/Mean, higher the coefficient of variation, higher the variability in the data Note: IVL NAM Spreads over raw material based on 100% PET integration from Ethane