the draft of Labour Protection Act.. - Administrative expenses in the year 2018 increased by Baht 8.07 million, or 15%, from the last year. 1.3 Others income - Total other income amounted to Baht 39.21

Discussion and Analysis of quarter 1 /2020 2 | p a g e  Last year, the Company was affected by the amendment to the labour protection act. As a result, the products cost increased from the provision of Baht

selling and administrative expenses by THB 170 million or 28% due to provision of employee's severance pay corresponding to revision of the Labour Protection Act of GLOW and unwinding costs of FX forward

%. The major expenses were (1) Personnel expenses of THB 136 million, an increase of THB 1 million or 0.7%, mainly due to a decrease in number of employees under the employment of ICUK of THB 6 million

for 9M19 since it caused the drop in revenue with the cost of employees of Dusit Thani Hotel Bangkok. However, the Company sold the long-term investment and recorded the profit in 2Q19 as per Business

the decrease in business’s result for 9M19 since it caused the drop in revenue with the cost of employees of Dusit Thani Hotel Bangkok. However, the Company sold the long-term investment and recorded

areas including managing and controlling fixed and variable costs, monitoring company’s liquidity, managing any policy relating to employees and revising the short-term plan to ensure the least impact to

The Gross Profit margin was 3 percentage points lower at 8% in Q119 up from Q118 at 11% due to higher higher labour costs 1%, higher depreciation 1%, higher salaries expenses 1% . Page 1 of 3 Operating

percentage point lower at 13% in Q219 down from Q218 at 14% due to higher higher labour and salaries expenses 1% . Page 1 of 3 Operating Profit Analysis Year‐on‐year operating profits, were 18% lower at THB

sales revenue [-2%], stronger THB/USD exchange rate [-2%], change in product mix [-1%] and higher labour and salaries expenses [-1%] . Page 1 of 3 Operating Profit Analysis Year-on-year operating profits