from the water supply contract from subdistrict administrative organization in Tambon Mai- Khao ,Amphoe Thalang, Phuket with Hydro Enterprise & Aqua Design company Limited (HYDRO), subsidiary of GS in

-purchase income Other income 1,867 2,920 148 559 1,738 3,076 249 593 -7% 5% 69% 6% Total Revenues 5,494 5,656 3% Operating and administrative expenses and others Bad debts and doubtful accounts Finance costs

and administrative expenses, bad debt and doubtful accounts, and finance cost. In the fiscal year ended February 28, 2019, the Company had total consolidated expenses of 16,213 million baht, increased

Administrative Expenses The Company and its subsidiaries recorded administrative expenses of Baht 141 million, an increase of 11% YoY. Administrative expenses to sales increased to 11% from 9% in Q1/2018, mainly

standards, selling expenses recognition from Long Quan Safe Food JSC (LQSF), Vietnam, and efficient expenses control. Q1/2019 Administrative Expenses The Company and its subsidiaries recorded administrative

6% y-y, and collection service income from ACS Servicing (Thailand) Co., Ltd. of 67 million baht, increasing by 5% y-y, Expenses The Company’s expenses mainly consist of operating and administrative

total revenue), comprising of: (1) selling expenses of 346 million Baht, decreased by 59% as compared to the same period of last year of 494 million Baht, (2) administrative expenses of 515 million Baht

administrative expenses, bad debt and doubtful accounts and finance cost. In the first quarter of 2018, the Company had total consolidated expenses of 3,847 million baht, an increase of 212 million baht or 6% from

% Service & Administrative expenses (62.40) -7.9% (61.36) -7.2% (58.49) -7.0% -4.7% -6.3% Operating profit 121.29 15.4% 123.23 14.5% 117.60 14.1% -4.6% -3.0% Other income 49.82 6.3% 63.52 7.5% 59.99 7.2% -5.6

business and the lower administrative expenses. As a result, overall the profit of the Group was increased. Analysis of revenues Q3’ 2018 Q3’ 2017 Increase (decrease) Million Baht % Million Baht % Million