income until the gross profit being reported differently from the previous periods PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 The Proportion of Gross Profit in Q1/2019 Operating performance by
agricultural producers with high dependence on family labor, generally having low levels of productivity, small land footprint, significant economic and information constraints and/or farmers profit being the
www.indoramaventures.com 3 Criteria Calculation Size of Transaction (percent) 2. The net profits ( Net operating profit of a company being acquired X proportion of acquisition) X 100 Net operating profit of the listed
decrease in amort iza t ion on rights to operate completed expressway sectors of the Second Stage Expressway together with cost management resulted to Net Profit Margin ratio being at the same rate as in the
company have also completed a Mandatory Tender Offer from GLOW which ended on the 22nd May 2019 of 26.14%, which has resulted in the company being able to recognize net profit for the company at 95.25
2019 of 26.14%, has resulted in the company being able to recognize net profit for the company at 95.25% after the 22nd May 2019. Consequently, on the 19th June 2019, the Board of Directors has passed
until the gross profit being reported differently from the previous periods Operating Highlights in Q4/2019 & 2019 Q4/18 Q3/19 Q4/19 Change +/(-) 2018 2019 Change+/(-) (Unit: Million Baht) QoQ YoY
products and services, resulting in greater bargaining power. Furthermore, business expansion will be an essential strategy for the Company to drive business growth and making more profit and being stable in
%. This was due to expenses relating to the initial public offering being tax deductible. Net Profit For the three months ending 31 March of 2018 and 2019, the net profit increased from THB 24.1 Mn to THB
acquired businesses/ assets is a combination of business and assets carved out from the Seller’s total businesses. 2. The net profits (Net operating profit of the assets/ business being acquired) X