% ] Cost of Sales 2,424.7 2,457.1 2,628.9 Gross margin, % 18.98% 21.09% 27.84% SG & A 415.5 403.1 471.4 Operating Profit * 213.3 248.2 -14.1% 527.1 -59.5% Net Profit-Consol. F/S 159.0 268.6 -40.8% 558.0

Baht 76 and gross profit margin for the second quarter of 2019 was decreased from 20% to 14%. It was due to the increase in cost of sales, which was the result of manufacturing expenses, which were

compared to 56.0 million baht the same period last year, decreased 33.8 million baht or 60.4 percent. Consolidated cost of sales and services for the second quarter 2019 was 166.8 million baht compared to

1,219.38 -172.72 -14.16% 924.23 1,102.97 -178.74 -16.21% Cost of sales and services -802.17 -898.29 -96.12 -10.70% -735.52 -829.22 -93.70 -11.30% Gross Profit 244.49 321.09 -76.60 -23.86% 188.71 273.76

. Cost of goods sold and service was 90.58 million Baht, decreased 114.39 million Baht or 55.81% from the same period last year due to the sales volume and sales revenue decreased. 3. Selling

business of Baht 14.78 million; - Other revenue of Baht 2.57 million. 2. Cost of Sales and Services and Administrative Expenses The cost of sales and services and the administrative expenses of the Company

million. Since Q1/2018 the company has no income from the export of wood chips due to high competition and the baht strengthened. 2. The company’s cost of sales and services in the amount of Baht 410.19

% compared with the last year. The second quarter in 2018, the company cost of distribution and administrative expenses were 52.23 Million Baht compare with last period 54.59 Million, decreased 4%. Due to cost

volume from China. Analysis of Cost and Expenses 1. In Q2 2018, Cost of sales was 3,385 MTHB, decreased by 256 MTHB comparing to 2017 or 7.0% as a result of lower sales volume as described above. The gross

Computing business of Baht 15.18 million; - Other revenue of Baht 2.31 million. 2. Cost of Sales and Services and Administrative Expenses The cost of sales and services and the administrative expenses of the