Microsoft Word - Compare FS1H2017-2016-E R mh .doc Ref: CSO. 034/2017 Date: 22nd August 2017 Subject: Management discussion and analysis of half year ending 30 June 2017 Attention: President, The

Microsoft Word - Compare FS1H2017-2016-T-R-NN.doc ที สลบ. 034/2560 วนัที 22 สงิหาคม 2560 เรือง คําอธบิายและวเิคราะหข์องฝ่ายจัดการ งวดครึงปี สิ+นสดุวนัที 30 มถินุายน 2560 เรยีน กรรมการและผูจั้ดการ

expansion of company’s internal activities. Nevertheless, the rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/Sales decrease from 12.77% in Q3/2018 to 11.00% in Q3/2019. 3

showed in the corresponding period last year, or 25.21% increased, which is corresponding with sales growth and expansion of company’s internal activities. Nevertheless, the rate of increase is less than

increased from Baht 93.53 Million compare to the corresponding period last year, or 24.14% increased, which is corresponding with sales growth and expansion of company’s internal activities. Nevertheless, the

. Meanwhile, net plant and equipment increased by Baht 49.62 million from building under construction at Chonburi branch to support business expansion and investment for production line improvement of spray

service expenses increase THB 7.40 million or 90.53% due to expansion of Banquet Room and Restaurant business and also Real estate development business. 3.2) Administrative expenses increase THB 8.97

were capitalized as project development cost; and2) loans associated with The Lofts Ekkamai were paid in full during 1Q17. Loss In 1Q18, the Companyhad consolidated net loss of THB73.9mn, compare to net

of transfer, 4 of which under development and 1 low-rise residential project for sale (totaling 71 units in all phase), which includes the properties transferred to CPN Retail Growth Leasehold REIT

same period last year at 152.5%. An increasing was from the insurance business expansion. Total revenue growth in the 6 months of 2019 is consistent with the target of revenue growth that has been