declining in sales of packaging for milk and yogurt and plastic automotive parts whereas depreciation was higher from machine acquisition and plant and equipment improvement. 3. The consolidated net profit

last year at 17.14% due to the declining in sales whereas depreciation was higher from machine acquisition and plant and equipment improvement expenditure. 3. The consolidated net profit margin was 1.3

consolidated gross profit margin was 14.65%, decreased from last year at 16.93% due to the declining in sales whereas depreciation was higher from machine acquisition and plant and equipment improvement

has been growing steadily due to the continued economic stimulus of the government and the economic pressure in previous year both from domestic and international have been reducing its negative impacts

fuel costs have decreased, and our SG&A is significantly down year on year -24% as we focused on reducing costs in order to compensate the challenging market conditions. Going forward we continue to seek

last year but the shipment delayed until the early of this year and were the investment for machine and equipment improvement. As of 30 September 2017 the Company had consolidated liabilities increased

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

% YoY from TTTBB associated costs and decreasing by -9.7% QoQ due to lower NT partnership costs in line with lower NT related revenue, and lower maintenance cost. • Other costs of services were at

improvement of the unemployment rate, compared from the previous quarter. In addition, in term of the currency, Thai Baht and other currencies get stronger again US Dollar. However, due to the capital, and

inflation rate in the first quarter of 2018 increased parallel with the domestic oil price at 0.42 percent in February and 0.79 percent in March. Moreover, there is an improvement of the unemployment rate