up. As a result, core service revenue in 3Q18, which excluded IC and equipment rental, was Bt33,134mn, increasing 2. 1% YoY but decreasing 0. 9% QoQ. EBITDA remained growth YoY but softened QoQ Cost

stainless pipe following the lower global material price and intensive competition. The majority sales of Company comprised of metal like stainless steel and non-ferrous metal like copper and aluminum whereas

2018, Cost of sales was 15,649 MTHB, increased by 209 MTHB comparing to 2017 or 1% as a result of greater main raw material prices despite of lower overall sales volume. Higher average Ethylene price

cost in Q1/2017 and Q1/2018 amounting THB 3.0 MB and THB 2.9 MB respectively. The company has increased a little of finance cost from liabilities under trust receipts for purchase of raw material. Net

2.8 MB respectively. The company has decreased a little of finance cost from liabilities under trust receipts for purchase of raw material. Net Profit The Company earned net profit in Q2/2017 and Q2

purchasing of raw material. Net Profit The Company earned net profit in Q3/2017 and Q3/2018 amounting to THB 38.4 MB and THB 11.9 MB respectively. Net profit of the company equal to 14.9% and 6.7% of total

amount of Baht 12.72 which is higher than the same period of previous year and property, plant and equipment decrease by Baht 4.96 million, because of the depreciation. 2. Total liability, the company had

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

Inventories 9,518 7,684 23.9 Investments in associated companies 740 593 24.8 Property, plant and equipment 7,409 7,258 2.1 Others 3,176 2,695 17.8 Total Assets 48,514 46,018 5.4 Bank overdrafts and short-term