shown below: (Unit : Million Baht) 2017 2016 Change Revenue 837 849 -1.4% Gross profit margin 293 342 -14.3% Selling Expenses 80 96 -16.7% Doubtful debts from the voiding of contract 320 - 100.0% Finance

Total other income (3) 10.59 8.47 2.12 25.03 Administrative expenses 75.51 76.74 (1.23) 1.59 Bad debt and doubtful accounts (reversal) 16.17 (2.27) 18.44 (812.33) Total expenses (4) 91.68 74.47 17.21

those were in line with decreasing revenue, representing decrease of 36.4%MB and 35.9%, respectively. Administrative Expenses of Q1–2018 decreased from Q4–2017 and Q1–2017, due to the reversal of doubtful

the change in revenue. The change in revenue from sales and services was 23.9%, while the change in administrative expenses was 43.0%, due that there was a reversal of doubtful accounts for receivables

. Net Profit decreased by 24% to THB 1,805m in 2019 from THB 2,375m in 2018 due to lower operating profits more than offsetting an increase in exchange gain of THB 319m in 2019. Past Performance Analysis

, respectively. The decrease of loss was lower due to construction cost higher than income in 2016 as mentioned in the construction cost above and provision of doubtful debt as mentioned in the administrative

by Baht 28.82 million or 4.64 % compare with the same period of 2016. The main reason was due to the decrease in Company’s average daily turnover value from Baht 4,621 million to Baht 4,480 million, 2

, due to higher expenses related to human resources, sugar warehouse and transportation. Provision for doubtful debt and bad debts also increased. 5. Financial costs in 2017 increased Baht 16.0 million or

the same period of the previous year by 3.83 million Baht and 12.38 million Baht respectively, due to the lower sales caused by the depreciation of Thai Baht and intense competitive situation in foreign

period last year. In that, it comprised of 12.08% of gross profit margin from sales and -61.33% of gross profit margin from services. The main reason for the decrease was from services segment due to