pressure on profit margin. Administrative and Selling Expenses Selling, general, and administrative expense as a percent of sales increased slightly to 12.8% in 2017 compared to 12.3% in the previous year

fixed cost from rental expense and administrative expense. However the 1st Consolidated Separate Amount Change Amount Change Q1.2019 Q1.2018 Amount % Q1.2019 Q1.2018 Amount % Revenue from sale – net

% 97.07 86.21 -11.19% Financial expense (0.62) (0.50) (0.61) -1.61% 22.00% (1.22) (1.11) -9.02% Profit before income tax expense 46.58 70.95 14.15 -69.62% -80.06% 95.85 85.10 -11.22% Income tax expense

of THB 28.6 million whereas the Company’s tax expense was THB 10.2 million. Therefore, the consolidated tax was net income for the amount of THB 18.46 million. Operation : Consolidated Profit & Loss

administrative expense as a percent of sales decreased slightly to 12.9% in 2Q18 compared to 13.2% in the same period in previous year. Selling expense as a percent of sales decreased slightly in line with higher

0.50 257.14% Other income 0.58 0.81 0.46 -20.69% -43.21% 1.25 1.27 1.60% Earnings before Interest and taxes 19.10 49.87 47.20 147.12% -5.35% 35.99 97.07 169.71% Financial expense (0.73) (0.60) (0.62

TAX (29.51) (29.20) (16.18) (33.75) (45.69) (62.95) INCOME TAX INCOME (EXPENSE) 0.35 (0.18) - 0.48 0.35 0.30 NET LOSS FOR THE PERIODS (29.16) (29.38) (16.18) (33.27) (45.34) (62.65) Unit : Million Baht

expense of Baht 51.5 million, increased by 386.3% compared to the same quarter last year.  Allowance for the Decline in Value of Inventory Allowance for the decline in value of inventory presented at Baht

material (Vinasses water) from Biofuel Mitrphol Factory, Dan Chang, the distance will be around 28.7 kilometers. (4) Analysis on possibilities to terminate share purchase agreement Terms and conditions

to negotiation and engage in joint venture agreement, asset purchase agreement and other agreements related to investment in Food and Beverage business. The details of the New Joint Venture are as