income lower than target. o Changing the fiscal accounting year of the company in Malaysia to be ending at December caused the customers to buy a big volume in last December 2018 and reflect to less buying

expenses represented at THB 8 mil. (1.2%), 31.8% decremental primary by lower logistic expenses which came from more effective management in logistic & distribution. Net Profit Statements of Financial

Baht 29.68 million or 19.40% of the total gross profit of Baht 152.98 million of 1st quarter of year 2018 consistent with lower revenue. The total gross profit rate was increased from 12.09% to 17.82% as

million or 13.07 percent. As the company has sales expenses in the leather and car seat business decreased due to the lower sales but for the boat and minibus business, there is an increase in selling

lower than the market price at March 31, 2019. The company has recognized the future loss from the investment in trade securities. Nevertheless, if the stock price is higher than the market price at June

the cost of raw materials used in production is lower than the year 2018. 4. Cost from the water management business for quarter 2/2019 was 70.48% of income. Cost per income rate decreased compared to

, which usually have lower gross profit margin than products served in store. EDITDA and EDITDA margin • The company’s EBITDA in Q2/2019 and 1H/2019 were THB 95 million and THB 186 million, respectively

period ended 30 June 2019 from 1.3% in the same period last year. The increase YoY in net profit and net profit margin was mainly due to lower tax expenses attributable to tax benefit received from

the same period. 39.58% of the previous year due to lower sales and administrative expenses Including loss from exchange rate and unrealized loss from valuation of available-for-sale investments in the

2017. This main reason was the commission policy which was adjusted to pay at lower rate than last year. Administrative expenses In the first 6 months of 2018, the Company had administrative expenses of