income tax expenses decreased by Baht 11.02 million or 61.91% from last year varying from profits. Financial Position Total Assets Total assets as at December 31, 2019 was Baht 4,102.70 million, declined

affected the Company’s businesses. Excluding the non-recurring items and impact of TFRS16 applied, total revenue and net profit decreased by 60.7% and 123.5% respectively (for the first six months of 2020

sales declined by 9.7% due to intense marketing competition led by strong Thai Baht. Domestic sales portion ended up at 24.9% and export sales at 75.1%. The Company reported gain from foreign exchange

Gross Refinery Margin (Total GRM) declined THB 971 million compared to 2018, mainly due to the following reasons:  Operating GRM decreased THB 1,682 million compared to 2018. Mainly from the crack spread

%. This was mainly because the increase in sales and service income of Baht 23 million, decreased in administrative expense of Baht 5 million from the declined in loss on exchange rate, decreased in

% y-on-y mainly from non-cash expenses: 1) THB 201 million unrealized FX loss from the outstanding of US dollar debts and payable while THB and VND depreciated against US dollar during this period and 2

”) reported consolidated revenues of Baht 426.1 million, a decrease of 13.7% compared to the same quarter last year. Sales revenues reported at Baht 415.3 million, declined by 16% due to slower sales in

regulatory fee as % of core service revenue was at 4.0%. • Depreciation & amortization was Bt12,787mn, flat both YoY and QoQ from the fully depreciated 3G equipment offset with the new CAPEX investment on

declined by 61% YoY As of 2Q20, the average occupancy rate of the Company’s domestic shopping malls stood at 92% , equal to the same period of previous year. Most of the shopping malls maintained high level

the net profit margin stood at 14%, significantly above the industry average. ROE declined from 34% in FY21 to 31% and ROA slightly decreased from 7.7% in FY21 to 7.5%. Liquidity & Leverage: Current