1,681 million, dropped by THB 162 million or 8.81% down as compared to 6M2016 mainly from the decrease in revenue from animal feed and shrimp feed by 8.16% and 10.83%, respectively. Farm & DOC Segment

14 Unit : Million Baht 30 June 2017 31 December 2016 % Increase (Decrease) Assets Current assets Cash and cash equivalents 621 623 (0%) Temporary investment - trading security 94 - 100% Trade accounts

services income would decrease by 226.32 million Baht or 5.31% due to the declining in raw water sales volume). In 2017, the company was able to control the cost of raw water business effectively, especially

amounted 283.1 million Baht, decreased the amount of 13.9 million Baht or 4.91%. Decrease in service income since the company's major customers have relocated their business and some customers had reduced

Million or 5.9 percent. Finance cost amounted to Baht 628 Million representing a decrease from the same period of the previous year by Baht 174 Million or 21.7 percent due to in the year 2018 the Company

THB 3,682.20 million in 1Q2020, representing a decrease of THB 283.81 million or 7.16% down from 1Q2019 mainly from lower revenue of farm business which decreased by THB 123.30 million or 9.01% down

due to the decrease of Operating Revenue of Self- Managed Hotels and Outrigger Hotels from COVID-19 pandemic. Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels

dessert café franchise in Hong Kong. • Revenue from Catering and Pop-Up in Q3/2022 was THB 12 million, slightly decreased by THB 1 million or 8% from Q3/2021 due to the slight decrease in average sales per

million or 40% from Q3/2022, corresponding to the increase in sales revenue, as well as the decrease in costs from higher production volumes and in economies of scale. • Gross Profit Margin in Q3/2023 was

cafés as well as the Company's ability to manage costs effectively. EBITDA margin in 2023 was 31.8%, slightly decrease from 2022. E B I T D A a n d E B I T D A M A R G I N : Q 4 / 2 0 2 3 K e y F i n a n