to reduce costs in terms of wages, salaries and some unnecessary expenses. Apr May Jun Jul Aug Sep Close 1 Apr. - Veranda Chiang Mai - So Bangkok - Rocky Boutique Close 4 Apr - Veranda resort Hua-Hin

% (68%) Others 109 190 74% 30 69 41 (41%) 35% Gross profit 2,434 3,249 33% 1,186 596 1,806 203% 52% Other income 327 451 38% 113 220 49 (78%) (57%) Selling expenses (547) (981) 79% (152) (217) (496) 128

(174.26) (13.4) Administrative expenses 384.52 396.63 (12.11) (3.1) Finance costs 337.54 204.63 132.91 65.0 Income tax expense 257.16 263.12 (5.96) (2.3) Total expenses 2,107.37 2,166.79 (59.42) (2.7

, particularly the DIY and Notebook products which led to a decrease in gross profit by THB 38.65 million YoY (-4.20%). Despite the Company’s effort to reduce costs and expenses, an increase in financial costs of

100.00% 111.56 3.23% Distribution costs 140.16 4.05% 159.58 4.47% 19.42 13.86% Administrative expenses 88.53 2.56% 105.99 2.97% 17.45 19.72% Profit from operating activities 64.65 1.87% 69.66 1.95% 5.01

in interest expenses from interbank and money market items due to higher costs, and an increase of Baht 154 million or 2.9 percent in interest expenses from deposits partly due to an increase in

automotive segment. Inventories increased Baht 27.47 million to prepare for order in the next quarter. There are also the deferred costs under turnkey contract of water plant construction amounting to Baht

cost of sales of the previous period decreased. 2 . 2 Renewable energy costs amounted to 22 . 4 0 million baht, a decrease of 5 . 8 1 million baht or 20 . 6 0 percent due to the lower depreciation from

revenue. The profit in Q2-2017 and Q1- 2016 were not much different. -2- Operating Results and Capabilities to Make Profit Performance from revenues, costs and expenses which has significant impact in Q2

) (10.2%) Finance costs (49.6) (65.4) (72.4) 10.7% 46.0% (93.1) (137.9) 48.1% Profit before income tax 342.5 302.6 238.9 (21.1%) (30.2%) 629.5 541.5 (14.0%) Tax expenses (26.8) (47.4) (19.4) (59.1%) (27.6