half of this year increased by 22.34 from THB 49.45 million last year to THB 60.50 million this year. The gross margin was more than 40% even though there was an increase of depreciation expense from the

Million Baht increased from year 2018 which has total expense of 745.50 Million Baht or 35.09 percent by following reasons:.  Cost of sales is 381.41 Million Baht when compared to the same period of

the same quarter of 2018 gross profit of 99.02 million baht, the amount is down from second quarter of 2018 by the amount of 23.70 million baht or 23.93 percent. Selling and Administrative Expense

litigation (15.86 ) (15.86 ) #DIV/0! (5.36%) 0.00% Reversal of doubtful accounts 0.40 62.94 62.54 99.36% 0.14% 8.88% Finance costs (62.30 ) (36.13 ) 26.17 (72.43%) (21.06%) (5.10%) Tax income (expense) (0.26

(15.86 ) (15.86 ) #N/A (5.36%) 0.00% Reversal of doubtful accounts 0.40 62.94 62.54 99.36% 0.14% 8.88% Finance costs (62.30 ) (36.13 ) 26.17 (72.43%) (21.06%) (5.10%) Tax income (expense) (0.26 ) (9.44

. These new projects will result in the future revenue recognitions in the coming years along with the coming expenses related to project launches expense, taxes and man-power (salary, welfares) which

to the fact that the company had the legal consultant fee, which was the final expense. use To study the acquisition of shares of Universal Worldwide Transportation The Company also had a loss on

of sales 39.45 40.50 10.34 9.88 Administrative expenses 47.24 43.72 12.38 10.67 Loss (profit) from the exchange rate 0.77 0.95 0.20 0.23 Financial costs 22.98 16.41 6.02 4.01 Income tax expense 3.80

 [‐4%] and higher salaries expense [‐1%]. Page 1 of 3 Operating Profit Analysis Year‐on‐year operating profits were 40% lower at THB 355m in Q118 compared to THB 588m in Q117.  The Operating margin was 7

office, distribution and training center began to book such expense since June 2017. Financial Cost Financial costs for the first quarter of 2018 and 2017 were THB 0.07 million and THB 0.50 million with