31.84 Finance costs 7.46 0.38 7.46 0.38 Expected credit losses (reversal) 8.19 8.19 8.19 8.19 Other expenses 115.56 11.50 126.35 11.66 Total expenses 415.63 73.80 409.91 66.88 Profit (loss) before income

% Other income 0.93 1.69 81.72% Earnings before interest and taxes 71.45 49.12 -31.25% Finance costs (0.50) (0.56) 12.00% Profit before income tax expense 70.95 48.56 -31.56% Income tax expense (3.28) (1.25

accordingly. Yours Sincerely, ( Kamtorn Sila-On ) President - Production and Finance S & P Syndicate Public Company Limited

36.30 65.85 (7.76) (21.38) Profit before finance cost and income tax expenses 28.42 49.89 18.82 34.15 9.59 50.96 Finance cost 2.81 4.94 3.57 6.48 (0.76) (21.25) Profit before income tax expenses 25.61

year. Finance cost, after the full operated in commercial service of the MRT Blue Line, the Company recorded interest cost of the project, which formerly recorded as cost of construction, as interest

to the lower cost of raw material. Yours faithfully, (Mr. Pitak Chaosoun) Deputy Managing Director in Finance and Operation Authorized Person to Disclose Information

income 348 31% 65 2% -81% Selling expense -138 -12% -306 -10% 121% Administrative expense -286 -25% -437 -15% 53% Finance costs -136 -12% -207 -7% 52% Net gains on exchange rate 0 0% 91 3% n/a Share of

% Administrative expense -281 -29% -573 -24% 104% Finance costs -116 -12% -165 -7% 43% Net gains on exchange rate -349 -37% 171 7% 149% Share of loss from investment in joint ventures -33 -3% 33 1% 200% EBT 294 31

Company’s expenses mainly consist of operating and administrative expenses, bad debt and doubtful accounts and finance cost. In the first half of 2019, the Company had total consolidated expenses of 8,664

45.73 142.75 105.04 37.71 35.90 Other income 2.29 0.75 1.54 204.59 5.14 1.74 3.39 194.42 Administrative expenses (18.97) (16.76) 2.21 13.21 (58.60) (48.33) 10.27 21.25 Profit before finance cost and