the purchaser for the outstanding amount. A part of the proceeds from the disposal of assets were used to pay down on the bank overdrafts and short- term loan outstanding in March 2017. The Company

is no paid interest, while in previous year there was paid interest amount 0.28 million baht causing by a short- term loan from a financial institution. According to the above mentioned reasons, the

1st quarter of 2019 increased significantly 7,667.57 percent from the same period of last year, caused by loan drawdown for 2nd production line investment project. As a result, cost of goods sold and

income on the other hand has decreased due to the fact that the company has stopped recognizing interest income on the loan to SGAH for conservative reasons. Sales of automotive parts grew by 25.3%, driven

loan. As a result, cost of goods sold and expenses of 1st quarter on year 2018 slightly increased by 8.98 percent from the same period last year. 1.3 Profit (Thousands Baht) 1st Quarter Change 2561 2560

and Lumpini Ville Suksawasdi-Rama 2 and the cash prepared for loan repayment to financial institutions. 2. The inventory increases 365.76 million THB or 6.66% i.e. from 5,495.63 million THB to 5,861.39

decrease 21.54%, due to decrease in bank loan. 7. Share of profit (loss) from investment in associated company In Q2/2018, Share of profit (loss) from investment in associated company was Baht 10.75 million

period of previous year amount to Baht 0.47 million, decrease Baht 0.15 million or decrease 31.13%, since the company repaid the loan cause this expense has been reduced. 8. Share of profit (loss) from

% from the same period last year. This was because the loan provisions expense in subsidiary and employee remuneration from business expansion. Net Profit The Company’s net profit from consolidated

project loan in construction completed projects. Please be informed accordingly Sincerely yours, (Mr. Suriya Poolvoralaks) Executive Director and Managing Director http://www.majordevelopment.co.th