and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Commercial operation of

started their operations. (7) Financial cost The Company and its subsidiaries’ financial cost from loan and permission note were Baht 41.93 million or increased by Baht 25.59 million or 156.66% from the

: The company is engaged in manufacturing operations for ladies’ apparel products, covering the range of ladies’ lingerie, ladies’ outerwear, and childrenwear, with ladies’ lingerie category serving as

company also incurred cost from insurance business amount 59.6 million baht increase from the same period of the previous year by 168.1 percent, which was the result of the expansion of operations in the

. - Bank overdrafts and short-term loan increased by Baht 30 million, because the subsidiaries withdrew more short-term loan from financial institutions for operations. - Trade and other payables increased

is based on common-size analysis to total revenue Overall business operation (6 months) In second quarter 2019 Seven Utilities and Power Public Company Limited and its subsidiaries recorded a net

Baht 4.22 million. In addition, the Company’s subsidiaries’ expenses of employees were Baht 4.13 million but its subsidiaries has not yet started its operations. (6) Share of profit (loss) from

2,528.2 Gross margin, % 27.84% 25.84% 30.99% SG & A 471.4 466.2 484.6 Operating Profit* 527.1 409.9 +28.6% 616.0 -14.4% Net Profit per F/S 558.0 516.7 +8.0% 672.3 -17.0% 15.31% 15.02% 18.35% [Remark

and the other decreased by Baht 0.92 million from the increased and decreasing and inflation of expenses in operation of the normal business. 8. Finance cost in quarter 2/2018 increased from quarter 2

1 Translation CEN 031-2018 August 14, 2018 Subject : Management Discussion and Analysis for business operation of Quarter 2-2018 To : The Manager and President The Stock Exchange of Thailand Business