the previous year which decreased by amount of Baht 102 million, due to mainly came from the lower revenue from feed sales and higher cost of raw material . - Loss on investments in marketable

& Administrative Expenses 222.36 200.40 21.96 10.96% Finance Cost 83.41 66.17 17.24 26.05% EBT 158.75 119.54 39.22 32.81% Tax 22.25 24.37 (2.12) (8.71%) Total Comprehensive Income 136.51 95.40 41.11 43.09% The

success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue. Due to this

revenues 123.13 214.56 (91.43) -42.61% Cost of sales 47.20 77.95 (30.75) -39.45% Selling expenses 4.97 9.20 (4.23) -45.96% Administrative expenses 25.77 14.60 11.16 76.46% Financial cost 2.53 1.03 1.50

result of the company’s gross margin increased 7% compared with the last period. The first quarter in 2019, the company cost of distribution and administrative expense were 46.9 Million Baht compare with

Quarter 1 /2018. The major part was income from transportation revenue, income from voucher unused from customers and compensation from delayed construction. Cost of Sales and Gross Profit Unit : THB mm

the same period of last year and a decrease of 5.28% over the last quarter . Such decrease was mainly due to dropping in metal price and low level of production and sales. 2. Cost of sales was 384.25

financial statement ended March 31, 2019 or Baht 7.86 million lower due to raw material supply problem. Cost of sales decrease from Baht 9.87 million for the three-month period financial statement ended March

payment for approximately ฿ 20.00 million in the first quarter of 2018 whereas there is no such transaction in the first quarter of 2019, along with the reduction of cost of printing policy to be more

period was 339.5 million Baht a decrease by 2.3% from the same period last year. JAS Asset Management Discussion and Analysis, Q2/2019 Page2/4 Cost of Rental and Service Income The Company incurred rental