% Operating Profit (Loss) 68.21 17.42% 14.66 6.74% 53.55 365.28% Finance Cost 1.93 0.49% 1.94 0.89% (0.01) -0.52% Other Revenues 1.75 0.45% 2.38 1.09% -0.63 -26.47% Unrealized gain (loss) on measuring fair

improved from Baht 1,275 million to Baht 1,685 million, the following reasons has attributed to the significant decrease in net profit. 1. Decrease in profit sharing from Hyundai Motor (Thailand) Company

operations, which increased by THB 81.80 million (YoY 30.66%) compared to the first quarter of 2019 which gross profit was THB 266.79 million or 37.19% of total revenue from operations. The significant changes

nine months ended 30 September 2019 and 2020 were THB 376.95 million and THB 385.01 million, respectively, or equivalent to a gross profit margin of 67.64% and 54.84%, respectively. The significant drop

first quarter of 2020 at 15.4%. The increase in gross profit margin of the first quarter of 2020 was mainly from the significant increase in the gross profit margin of house brand products from 14.5% to

million or 40.33% of total revenue from operations. The significant changes of the gross profit can be explained as follows: 1. GROSS PROFIT FROM SALES OF MANUFACTURING AND TRADING GOODS In the second

THB 106.03 million, respectively, or equivalent to a gross profit margin of 73.28 and 55.73, respectively. The significant drop in gross profit of the Company was derived from the slowdown in sales

profit for the year ended 31 December 2017 and 2018 of THB 351.06 million and THB 184.49 million respectively, equivalent to a significant 47.45% decline. Net profit margin also tumbled from 20.84% to

* -58.0% Consol. Net Profit 255.1 159.0 268.6 +60.4% 559.7 -54.4% [ Remark * Excludes foreign exchange rate effects. ** Excludes foreign exchange rate effects and change in retirement benefit provisions

patients continuing to increase, as a result, the revenue in this business segment has grown as significant. 3.2 Gross Profit The Group's gross profit decreased by Baht 1.97 million or 8.09 per cent. Due to