Cost of project works and services 64.61 60.79 3.82 6.28 Total Costs of Sales and Services 182.83 173.78 9.05 5.21 Gross Profit 65.77 46.76 19.01 40.65 Other incomes 5.31 3.61 1.70 47.09 Distribution

management business dividing two types of income, as below; 2.1 Income from water production and distribution increased by Baht 9.33 million from investment in a company possessing a water production contract

100.00 90.56 100.00 15.72 17.36 Cost of services 99.60 93.71 92.72 102.39 6.88 7.42 Distribution cost 6.56 6.17 3.06 3.38 3.50 114.38 Administrative expenses 13.27 12.49 10.43 11.52 2.84 27.23 Financial

above. 6) GS can distribute water supply to user and reservoir can maintain an average water for distribution not less than 24,000 cubic metre per day and expected to be operated within the end of second

3.58 (0.38 ) (0.11 ) Total Revenue 113.10 142.72 (29.62 ) (0.21 ) Expenses Cost of sales 76.18 123.51 (47.33 ) (0.38 ) Distribution costs 15.40 11.92 3.48 0.29 Administrative expenses 45.78 38.88 6.90

was attributable to the Company has some fixed costs that unchanged irrespective of the revenue. Distribution costs The Company booked distribution costs amounting to Baht 1.87 million and Baht 2.82

and services 263.70 277.74 (14.04) (5.06) Total Costs of Sales and Services 753.19 734.65 18.54 2.52 Gross Profit 272.67 283.71 (11.04) (3.89) Other incomes 12.44 10.60 1.84 17.36 Distribution costs

services 59.31 64.61 (5.30) (8.20) Total Costs of Sales and Services 167.80 182.83 (15.03) (8.22) Gross Profit 57.22 65.77 (8.55) (13.00) Other incomes 1.16 5.31 (4.15) (78.15) Distribution costs 18.00 17.80

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the Securities and Exchange Commission No. Sor Nor. 87/2558 Re: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, Mutual Funds for Institutional Funds, and Private Funds ______________________ By virtue of Clause 6, Clause 8, and Clause 9 of the Notification...

intensified competition, and the refinery’s TAM which resulted in the lower volume of finished oil produced. On the other hand, retail market which is the company’s main distribution channel recorded sales