% -2% 31% 30% 1% Administrative expenses 41.56 39.07 6% 140.90 112.68 25% Earnings before interest, taxes and depreciation 116.15 114.01 2% 302.68 270.02 12% % Earnings before interest, taxes and

% in 3rd quarter 2018 compared to 71.97% in 3rd quarter 2017. The cost of sales ratio is a little changed. 3. The Group’s selling and administrative expenses for the quarter ended 30th September 2018 and

, Selling and Administrative Expenses was 308 MB, decreased by 29 MB or 8.5% comparing to 2017 mostly from lower transportation costs. 3. There was no impairment loss in Q3 2018 as all impairment loss from

align with sales and service income. Consolidated administrative expenses for the third quarter 2018 ended 30 September 2018 was 51.7 million baht compared to 57.5 million baht the same period last year

Suit Co.,Ltd. comparing at the same period in 2017 representing 16.39% decreased but the cost of selling and service went down 2.52%. The cost of administrative when compared to income from medical

income 52.1 132.3 -60.6% 196.7 415.7 -52.7% Selling expenses 263.0 222.0 18.5% 751.9 674.8 11.4% Administrative expenses 421.2 229.4 83.6% 1,317.8 763.4 72.6% Finance cost -120.6 -76.1 58.5% -331.5 -210.7

Administrative expenses 13.86 13.09 10.14 0.78 5.93 3.72 36.71 40.22 31.19 9.03 28.94 Financial cost 0.16 0.18 0.25 -0.02 -9.39 -0.09 -35.14 0.55 0.70 -0.15 -21.38 Profit (loss) before income tax expenses -6.21

Page 1 of 7 Management Decision and Analysis Q3’18 Executive Summary The operating result of the third quarter of 2018 (Q3’18), Singha Estate Public Company Limited (“the Company” or “Singha Estate

contracts (917.54) (576.04) 341.50 59.28 Gross profit 101.75 75.25 26.50 35.21 Other income 2.69 4.25 (1.56) (36.63) Profit before expense 104.44 79.50 24.94 31.37 Administrative expensed (58.54) (50.42) 8.12

(311.70) (258.46) 53.24 20.60 Gross profit 33.17 17.48 15.69 89.76 Other income 0.75 0.90 (0.15) (16.67) Profit before expense 33.92 18.38 15.54 84.55 Administrative expenses (16.76) (15.49) 1.27 8.20