, but there were increase in trade accounts payable and other accounts payable of Baht 106.18 million and increase in provision for post- employment benefits obligation of Baht 7.52 million. The Corporate

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

Year of 2018 WHAUP finished our 2018 with the record high Net Profit of Baht 2,251.9 million, a 13.7% increase from 2017 with Normalized Net Profit of Baht 2,267.8 million, a 61.2% increase from 2017. 1

First Quarter of 2019 WHAUP finished our 1Q2019 with a Net Profit of Baht 424.2 million, a 40.8% decrease from 1Q2018 with Normalized Net Profit of Baht 394.2 million, a 15.3% decrease from 1Q2018. 1

the Third Quarter of 2018 WHAUP finished our 3Q2018 with a Net Profit was Baht 631.1 million, a 10.7% increased from 3Q2017 with Normalized Net Profit of Baht 577.4 million, a 28.2% increased from

every finished product and crude oil price crack spreads, with supporting factors ranging from the maintenance of various refineries in North Asia, as well as concerns over supplies tightening after the

. Inventories value as of December 31, 2016, and 2015 can be summarized as follows; (Unit : 1,000 Baht) Cost Reduce Cost to Net Realisable Value Inventories - Net 2016 2015 2016 2015 2016 2015 Finished Goods

product sales approx. 71%:29%) • Finished or intermediate products, which can be categorized as follows: • Online sales and Head office pick up • OEM/Food Manufacturing under the Company’s trademark or per

from operations. The significant changes of the selling and administrative expenses can be explained as follows: Decrease in selling and promotion expenses of THB 6.64 million. Decrease in provision for

beverages and desserts across 12 company-owned outlets under “Mikka” brand • Finished or intermediate products, which can be categorized as follows: • Online sales and Head office pick up • OEM/Food