) - 100% (709,726) - 100% Finance costs (16,792) (27,887) -40% (37,877) (56,456) -33% Profit (loss) before income tax 11,138 (71,996) 115% (777,305) (97,488) 697% Income tax income (expense) (10,178

1,234 2,077 (40.6) 256 381.9 Profit from operating before income tax expenses 1,798 1,353 32.9 1,983 (9.4) Income tax expenses 305 235 30.0 497 (38.6) Net Profit (attributable to equity holders of the

by 3.1 MB and decrease in other current assets by 1.7 MB. Non-current assets, PPE increased 2.8 MB, Right-of-use asset increased by 9.7 MB, intangible asset decreased by 0.2 MB, deferred income tax

371.47% Selling & Administrative Expenses 52.93 53.82 (0.89) (1.65%) Finance Cost 15.13 16.76 (1.63) (9.75%) EBT 107.07 79.62 27.45 34.47% Tax (4.00) (12.29) (8.29) (67.46%) Total Comprehensive Income

Member responsible for corporate finance, merger and acquisitions (M&A), divestments, risk management and operations in India and China. He was also the Alternate Chairman of Corporate Finance and Tax

increase of 4.5% YoY and 4.4% QoQ in spite of rising network D&A. As a result of recurring tax benefits from investments in 2016 and 2017, effective tax rate stood at 17% in 1Q18. 4 1Q18 MD&A Advanced Info

1Q2017. Income Tax Expenses The income tax expense of the Group in 1Q2018 was THB 46.33 million, increased by THB 27.66 million or 148.05% up from 1Q2017 mainly from higher corporate income tax of our

from relocating some product from the old production line to the new one; 4) higher excise tax as well as sugar tax following the Excise Act, B.E. 2560, effective since 16 September 2017; 5) higher R&D

% 129.06 75.52 53.54 70.90% Net loss before finance costs and corporate income tax (4.07) (5.85) 1.78 30.43% (25.61) (18.41) (7.20) (39.11%) Finance costs (3.17) (2.70) 0.47 17.40% (9.30) (4.40) 4.90 111.36

) (1,534.44) 511.79 33.35 Gross Profit (Loss) (65.56) 28.36 (93.92) (331.17) Sales & Administration Expenses and Financial Cost and Tax Expense (107.46) (108.80) (1.34) (1.23) Net Profit (Loss) (156.50) (72.32