200 29 15% 172 142 30 22% Other Income - - - - 10 13 -3 -23% Distribution costs -88 -66 22 34% -67 -55 12 22% Administrative expenses -182 -145 37 26% -144 -117 27 23% Finance cost - Interest expenses

, which came from costs of sales, distribution costs and administrative expenses control, Change in recognition of depreciation of right-of- use asset pursuant Thai Financial Reporting Standards No. 16

4,508 million, an increase of THB 754 million or 20.1% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1

) (55.55) India 160.65 194.38 (33.73) (17.35 Total 2,153.29 2,838.12 (684.83) (24.13) Overall sales revenue decline as an impact of lower production volume due to the lower production in automotive industry

sales and services compared to the same period last year. This is due to the slow movement of goods with high production costs and past purchases such as high exchange rates. Reworking 3. Decrease in cost

income 1,137 896 241 27% 1,000 824 176 21% Cost of sales and services -812 -647 165 25% -721 -613 108 18% Gross Profit 325 249 76 31% 279 211 68 32% Other Income 10 5 5 100% 18 9 9 100% Distribution costs

productions, and (2) purchase costs of 3rd party products for distribution. The variable cost components accounted for 88% of the total cost of goods sold. 1.1 Raw materials and packaging used in production of

baht in the year ended 31 December 2016. It is mainly from reducing production cost of print media and magazines to be consistent with declining sales as well as proper production cost control

197.0 million baht the same period last year, decreased 43.2 million baht or 21.9 percent from ceasing the printing operation of Post Today newspaper and M2F newspaper. While revenue from production of

and distribution of boat and minibus made by aluminum for 1st quarter of 2019 in the amount of 54.18 million while the 1st quarter of 2020 still has no revenue due to being in production. 2. The