relatively low gross margins of the projects delivered in Q2-2017, while the gross margin in Q1-2017 was so high that the change rate of profit for this period was not in line with the change rate of its

) (10.33) (13.22) (4.36) (16.92) 127.99 1.2.1 Gross Profit In Quarter 1-2018, the Company and its subsidiaries had gross margin 2.20 percent. It was a decreased compared to the same period of 2017, the gross

, EBITDA was Bt55,721mn, increasing 7.1% YoY with an EBITDA margin (excluding equipment rental) of 46.2%, compared to 44.7% in 9M17 and continue to expect full year margin in the range of 45-47%. Net profit

(down 40% yoy) because FA EBITDA margin was decreased from lower Market P2F margin. However, the company recognized profit of THB 27 million from investments in the Thai Ethoxylate Company Limited (TEX

Management’s Discussion and Analysis Consolidated Financial Results for the quarter 1 year 2019 For the quarter ended 31 March 2019 Consolidated Profit & Loss of NPPG (THAILAND) PCL., Unit : Million Baht Quarter

52 60 74 (14) -19% 98 113 129 (16) -14% Administrative expenses 33 33 55 (23) -41% 61 61 84 (23) -27% Profit for the year 167 167 145 22 15% 156 156 147 8 6% Profit (loss) attributable to Equity

one- time legal severance pay, normalized EBITDA was Bt19,753mn, increasing 4% YoY and 4. 5% QoQ, with a margin standing at 44.2% compared to 45.0% in 2Q18 and 43.1% in 1Q19. Reported net profit was

profit for the year 2017 of 5.46 Million Baht increased 113.20 Million Baht compared with the year 2016, mainly by the increasing of Revenue from sales 16% with the increasing from selling price and

, the Company can manage effectively of product merchandising for high margin items. The Company also gain reliability from ZIGA and DAIWA brand for their standard and recognition. ZIGA and DAIWA has

profit in short space of time, and vice versa, he or she may make a large amount of lose in that time which can be over the initial margin placed with the derivatives broker. 4. Risk from futures position