and would be completed in the similar time periods. This caused work overload and shortage of skilled workers Q4/2018 and into Q1/2019, resulting on cost overrun. Discussion and Analysis of the Company

comparing to 2Q2017 mainly from lower revenue from domestic sales of chicken parts. The consolidated gross profit was THB 587.79 million in 2Q2018, decreased by THB 91.78 million or 13.51% down from 2Q2017

expenses increased according to the additional establishment of provision for employee benefit obligation during Q4/2020. • In 2020, net profit was THB 55 million, decreased by THB 182 million or 77% from

0.17 2.84% Profit (loss) from exchange rate 1.81 0.66 1.15 175.88% 1.81 0.66 1.16 176.37% Total Revenue 406.40 327.64 78.75 24.04% 400.05 326.12 73.93 22.67% Sharing of gain (loss) from investment value

mn) 2Q17 1Q18 2Q18 %YoY %QoQ 1H17 1H18 %YoY Operating Profit 9,843 10,879 10,731 9.0% -1.4% 20,170 21,610 7.1% Depreciation & amortization 7,332 8,079 8,325 14% 3.0% 14,249 16,404 15% (Gain) loss on

% from 2017) the core net profit of THB 330 million in 2018 (an increase of 419.5% yoy). Those extraordinary items included net gain on sales of Dusit Princess Korat Hotel of THB 203 million in 4Q17, while

to contribute recurring income for the benefit of the Company. In addition, we’ve completed the restructuring of the holding structure of 33 Gracechurch Street, thereby improving the cost efficiency of

) 3,807 3,576 (5) 45 3,802 3,621 181 5% Gain on disposal of investment - 14,162 - - - 14,162 (14,162) (100%) Profit (Loss) before the effects of foreign exchange, deferred income tax and lease income 5,528

Gain on investments 29.38 - 37.99 - Gain on exchange rate - - 36.75 - Other income 8.17 7.29 13.95 16.93 EXPENSES (145.79) (136.22) (231.42) (239.51) Cost of sales electricity (39.30) (39.29) (78.06

period ended 30 June 2019 from 1.3% in the same period last year. The increase YoY in net profit and net profit margin was mainly due to lower tax expenses attributable to tax benefit received from