as issuing and offering financial structured products. HF focuses on equity and derivatives trading with less than 1 year investment horizon, applying Market Neutral strategy and advanced statistical

(Company statement will be presented and calculated incase consolidated statement is not available.)   - The information is quarterly updated within 7 business days after the new financial statement is

available.)   - The information is quarterly updated within 7 business days after the new financial statement is submitted.   -   Information on the financial statements is presented according to the

information is quarterly updated within 7 business days after the new financial statement is submitted.   -   Information on the financial statements is presented according to the information that the listed

2017, resulted from increased in employee expenses & compensations, director remuneration expense, audit fee, training, and utilities. 5. Financial cost The Groups’ has long-term loan from a commercial

from the net profit attributable to equity holders of the parent on consolidated financial statement. 2) Decimal numbers shown in this management discussion and analysis are likely to be different from

36.25 (2.70) -369.67 4.58 23.02 -80.09 Financial costs 1.17 0.04 2760.98 1.09 7.61 2.26 0.09 2556.47 Income tax expenses 0.13 1.24 -89.81 (2.03) -106.21 (1.90) 3.10 -161.41 Net profit 5.98 4.07 47.12

. However, Return on Equity slightly declined from 14% to 13.7% due to lower debt and more reliance on internal operating fund. From the financial risk perspective, debt to equity ratio decreased from 0.5x to

(%) 24.98 26.78 Net Profit Margin (%) 5.97 10.82 Remark: 1) Net profit margin is calculated from the net profit attributable to equity holders of the parent on consolidated financial statement. 2) Decimal

(EBIT) 2.96 1.89 56.40 7.28 -59.36 7.54 24.91 -69.72 Financial costs 1.27 0.04 2,790.91 1.17 8.44 3.53 0.13 2,636.43 Income tax expenses (0.80) 0.05 -1,609.43 0.13 -734.92 (2.70) 3.15 -185.78 Net profit