a gross profit of 237.71 mb (2017: 192.41 mb), a significant increase of 45.30 mb or 23.5% improvement. The reduction in cost of service also contributed positively to a better gross profit margin at

derived from the inventory which accounts for 79% of the income recognized in Q3. The gross profit margin is thus lower than 30%. However, the Company is able to control the expenses on sale (excluding

. %Gross Profit Margin Mil THB TBSPTKS %GP 82 88 51 23 Q2 18 Q2 19 111 - 16.5% 26.3% 18.8% 27.2% 18.6% 8.6% 22.7% 133 6M19 % GP H1 19 H1 18 As Reported Total GP 22.1% 22.8% Company 27.2% 24.6% TBSP 15.6

with higher sales. Gross profit margin as percentage of sales improved from 6.5% in Q2 2018 to 7.7% in Q2 2019 even when there was higher staff expenses to adhere to the changes in the Labor Protection

2,477.7 2,424.7 Gross margin, % 18.17% 23.99% 18.98% SG & A 322.1 429.9 415.5 Operating Profit 129.7** 347.1* -62.6% 210.6*** -38.4% Net Profit per F/S 71.3 424.8 -83.2% 159.0 -55.1% 3.35% 13.03% 5.31

was due to the decreases in the average cost of sales per unit. - Translation - 3 Net Profit In 2019, the Company’s net profit was THB 109. 85 million amounting to the net profit margin of 1.93 percent

last year, primary by lower Gross Profit of High-Valued Document and Digital Print and Mail. %Gross Profit Margin Mil THB 81 74.2 43 53.6 Q3 18 Q3 19 127.9 23.9% 20.5% 20.5% 16.2% %GP 20.5% 20.5% 124

statements The net profit and net profit margin of the Company and subsidiary companies decrease 5.34% and 0.81% respectively. The income recognition of three projects completed in Q1/2018 accounts for 32% of

subsidiary companies is more or less the same as that of the same quarter of the previous year. However, the net profit margin has decreased 1.30%. It is because 18% and 13% of the income from sales are from

2,311.5 2,457.1 Gross margin, % 23.99% 20.36% 21.09% SG & A 429.9 372.4 403.1 Net Profit per F/S 424.8 251.8 +68.7% 268.6 +58.2% 13.03% 8.68% 8.63% Sales Revenue Consolidated sales revenue in Baht terms