% 129.72 39.17 Expenses of sales 9.13 1.70% 12.69 2.96% -3.56 -28.04 Expenses of management 69.87 12.99% 48.24 11.24% 21.63 44.85 Expenses of financial 0.36 0.07% 0 0% 0.36 100 Expenses of tax income 1.83

total sales. While, the cost of sales in Q2/2018 was 346,016,951.10 Baht, representing 86.11 % of total sales. Also, the selling and administrative expenses in Q2/2019 increased 5,252,996.83, or 15.39

margin (exclude non-recurring cost) 30% 28% 2% 33% 31% 3% Administrative expenses before adj. 41.45 40.84 2% 83.09 88.68 -6% Adj. staff benefit 2.19 - 2.19 - Adj. previous year SW income 20.31 10.66 90

. 2. The Consolidate administrative expenses in an amount of THB 49.50 million, compares to the same quarter of 2018 an increase of THB 15.89 million or 47.27 per cent. Majority caused by the offering

251.9 million baht the same period last year, decreased 85.1 million baht or 33.8 percent from adjusting production cost of Post Today and M2F newspapers. Consolidated selling expenses for the second

Expenses For 6 month period of 2019, such expenses are THB 63.78 million which increases from that of year 2018 by THB 18.41 million. An increasing of 40.58 percent compared to last year PAE (Thailand

expenses more than TH 10 million also enhance its debt service ability. Above all, UWC mitigated risk from carrying successive losses of overall performance of Power Plant business caused by less productive

-85.04 -31.07% Other Income 11.04 15.67 -4.63 -29.54% 16.13 23.08 -6.95 -30.10% Distribution costs -92.85 -90.66 2.19 2.42% -83.54 -81.80 1.74 2.13% Administrative expenses -149.95 -140.81 9.14 6.49

business of Baht 14.78 million; - Other revenue of Baht 2.57 million. 2. Cost of Sales and Services and Administrative Expenses The cost of sales and services and the administrative expenses of the Company

gross profit margin was also mainly impacted by the Baht appreciation as compared to previous year. 3. Selling and Administrative Expenses For the first quarter ended 31 March 2018, the Company’s SG&A