-2495-1366 Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the fourth quarter and year ended December 31, 2019 comparing operating performance and

Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the first quarter ended March 31, 2020 comparing operating performance and financial position for the

-2495-1366 Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the first quarter ended March 31, 2020 comparing operating performance and financial

December 31, 2018. The consolidated statements represent the net loss of Baht 23.69 million, which decreased by Baht 200.94 million or 113.36% comparing to the same period of 2017. While the separated

31, 2019 as follows: The consolidated operating result for the year ended December 31, 2019 The Company reported net profit for the year 2019 of Baht 81.33 million, comparing with the last year which

expenses was decreased by Baht 16.41 Million or 31.86 percent compared to year 2015, due to the Company and its subsidiaries had the advertising expenses and sale promotions decreased comparing to year 2015

Million or 10.57 percent compared to year 2014, due to the Company and its subsidiaries had the advertising expenses and sale promotions decreased comparing to year 2014. The specific business tax and

net profit of 177.26 million baht, while the separated statements show the net profit of 88.95 million baht. Comparing to year 2016, both statements show the decrease of the net profits by 54.08 million

reasons for the decrease in revenue. Firstly, the intensity and complexity of cases in Trang comparing to the same period last year significantly reduced such as Dengue fever decreasing by 55% and Influenza

in business strategy reflecting increase in raw material price, and also cost controlling in restaurant and food center business. Therefore, total COGs per revenue ratio maintain at 83%, comparing to