system is almost complete. Some small changes have to be made and the company has set to fully shift to ERP system at the beginning of 2018. 2. Operating Results (Company and Subsidiaries) Consolidated

1 of 2019 and that of 2018 respectively. The THB 28.51 million shift or 91.47%. Net Profit margin for Quarter 1 /2019 and Quarter 1 / 2018 were 20.62% and 15.47% respectively. Such 5.15% increase was

maintain in Q4. The subsidiary in Vietnam, HV, has continuously improving operation results after installations of new machines in the past year and the increase in working hours from 1 shift to 2 shifts

พัฒนาการที่ต่อยอดจากเดิม โดยปรับเปลี่ยนจุดมุ่งเน้น หรือ shift focus เพื่อตอบโจทย์ประเทศในการปรับตัวสู่เศรษฐกิจดิจิทัล เศรษฐกิจสีเขียว และเศรษฐกิจที่ลดความเหลื่อมล้ำจากการมีความเป็นอยู่ที่ดีของประชาชนอย่าง

. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited

เดียวกนั - เพิ่มข้ึนจ านวน 64.03 ลา้นบาท จากส่วนแบ่งก าไรจากเงินลงทุนในบริษทัร่วม โครงการพลงังาน ไฟฟ้าใชพ้ลงังานความร้อนร่วม (Co-Generation Combined Power Plant) ของบริษทัยอ่ย ซ่ึงมี การรับรู้ตั้งแต่

(352.18%), due to GWM has become the Company Group’s subsidiary since March 2018, only its 1 month turnover is able be combined with the quarterly financial statement ended on 31 March 2018, but the

associates companies Share of profits from investments in associated companies, the Co-Generation Combined Power Plants. In the first quarter of 2019, the company recognized profit from investment in the

Company's total assets.) When combined with asset disposition transaction in the past six months, the total value of the transaction will be 46.39%. Therefore, it is deemed as a Type 2 asset disposal

August 2017. From the reason mentioned above, combined gross profit margin of energy drink in bottle format and sport drink was at 36.5% slightly increased from 36.4% of last year due to higher average