130.44 15.7% 163.57 19.7% 160.71 19.6% -1.8% 23.2% 607.53 19.6% 658.03 19.7% 8.3% Income tax expense (9.17) -1.1% (18.98) -2.3% (19.07) -2.3% 0.5% 108.0% (66.21) -2.1% (77.22) -2.3% 16.6% Net profit 121.27

12,547 12,416 Gross profit margin (%) 22.84% 25.49% 26.48% Consolidated financial ratios 2018 2017 2016 Financial data and profitability ratios (continuous) Operating expense (include Research and

Income (expense) tax revenue (1.28) (0.24) (1.04) 433.33 Net Profit (loss) 103.65 42.91 60.74 141.56 2 /8 ( ) Union Textile Industries Public Company Limited : 205 4 . 39.5 10280 . 0 2323 1085..96 : 0 2323

, selling expense and administrative expenses rising that went up compared to the same period of the previous year. Financial Position Total Assets As of 31 December 2018, the Company’s total assets stood at

lower than the decreased rate in revenue, since the rest of equipment for lease project had a quite low gross profit margin and a higher equipment maintenance expense. Summary of Operation for Q4-2018

baht 10,474 12,123 12,547 Gross profit margin (%) 20.47% 22.84% 25.49% ratiosConsolidated financial 2019 2018 2017 Financial data and profitability ratios (continuous) Operating expense (including

% 162.32 20.8% 163.68 21.4% 0.8% 1.9% 658.03 19.7% 660.86 21.0% 0.4% Income tax expense (19.07) -2.3% (18.59) -2.4% (18.20) -2.4% -2.1% -4.6% (77.22) -2.3% (77.65) -2.5% 0.6% Net profit 141.64 17.3% 143.73

amount of Baht 24.13 million or 32.88% as follows: 9 .1 Employee benefits expense increased in amount of 9.95 million Baht. This came from increment of number of staff to support new incoming projects. 9.2

expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost which will reduce in 2020 as long-term loans are repaid. Golden

11.40 million baht or 2.38%, due to the severance pay as the Labor Protection Act (No.7) B.E. 2019. • Selling expenses decreased 1.58 million baht or 4.13 % and the administrative expense decreased by