Second Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our Second Quarter of 2020 with a Normalized Net Income of Baht 177.7 million, a 74.4% decrease from 2Q2019 while Net Profit of Baht 317.4 million

measures to prevent and contain the Covid-19 outbreak, as well as from ongoing infrastructure investment. Headline inflation in the second quarter of 2020 was -2.66 percent, down from 1.08 percent in the

year. The gross profit margin in 2019 was 55.45 percent or decreased. Down from the same period of the previous year by 6.76 percent, a decrease in the corresponding cost of sales with the decrease in

reason for the decline in user spending was the inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the concerns of users about future

rate in the last quarter, due to the decline in the prices of fresh food and energy. Inflation is therefore below the Bank of Thailand’s target range of 1-4 percent. Core inflation registered at 0.47

the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

the same period last year. The decline in sales of industrial water systems was due to the special orders of a project contractor in the previous year. In the first quarter of 2018, there was only a

net gains on exchange rate of THB 171m in 2Q19. Net Profit 2Q19 Net profit reached THB 192m or 56% decline from the same period last year. Essentially, the fall down represented THB 793m recorded in

of Baht 11 million for the quarter ended 30th June 2019 and 2018. The decrease of Baht 9.55 million in the profit is mainly due to the following. 1. The decrease in the Group’s revenue 3.29% or Baht

million, a decrease of Baht 358.45 million or down by 7.2% over the same period of last year, which comprised of the following details: - Revenue from sales and services was Baht 4,578.33 million, a