Position Assets Cash and Cash equivalents Trade and other receivables สินทรัพย์ท่ีเกิดจากสัญญา Contract assets The finance costs was THB 1.5 million, increased THB 0.4 million from last year due to the fact

ที่ - Translation - PorBor.061/2017 August 15, 2017 Subject: Clarification of operating results different from the same period last year more than 20% To: President The Stock Exchange of Thailand

Management Discussion and Analysis for the year ended December 31, 2017 The analysis of operating result for the year ended 31 December 2017 Comparing accumulated operating results with the same

three-month period and the nine-month period by Baht 2.85 million and Baht 3.18 million respectively, due to more delivery of raw milk to the customers compared to those of the same periods last year both

same periods last year both in the three-month period and the six-month period. The decreases were 10.89% and 9.40% respectively. 1.2 Cost of sales and service, Administrative expenses (Unit: Million

more delivery of raw milk to the customers compared to those of the same periods last year both in the three-month period and the nine-month period. The decrease were 9.40% and 9.38% respectively. 1.2

property business saw its income increase both in the three-month period and the six-month period by Baht 0.76 million and Baht 0.08 million the same as period last year. - Farm business saw is income

products in Q3’19, both in the three-month period and the nine-month period. The increases were 20% and 22.60% respectively compared to those of the same periods of last year. - Immovable property business

-month period and the six-month period by Baht 0.53 million and Baht 0.34 million respectively, due to more delivery of raw milk to the customers compared to those of the same periods last year both in the

and its subsidiaries had a total asset by 677.7 MB which decreased from December 31, 2018 by 24.9 MB as a result of the increase in cash and cash equivalents by 1.6 MB, the decrease of trade and other