Management Discussion and Analysis as follows : FINANCIAL SUMMARY 31.12.16 31.12.17 30.06.18 FINANCIAL POSITION (MILLION BAHT) Current Assets 1,228 1,119 1,172 Total Assets 1,361 1,242 1,290 Current

* Excludes foreign exchange rate effects and gain on equity interest in an associate] Total Revenue Consolidated sales revenue in Baht terms increased to Bt3,643.3 million in 2Q18, representing an increase of

73.48 million Baht or 20.66%. As of March 31, 2018, the Company's total revenues were 385.75 million Baht, has increase 43.43 million Baht or 11.26%. This was due to the increase in service revenue of the

-63.31 10.39 -65.55 -20.34 -31.26 10.92/1 -34.93 Note /1 Net loss increased compared to the same quarter of prior year by Baht 10.92 million or equivalent to 34.93% /2 The previous branches total 20

and Administrative Expenses 54 51 6 Share of profit (loss) from investments in joint ventures 1 (1) (200) Financial Cost 8 8 - Net Profit 29 64 (55) - 2 - Total Revenues In the three-month period ended

Management Discussion and Analysis as follows : FINANCIAL SUMMARY 31.12.16 31.12.17 30.09.18 FINANCIAL POSITION (MILLION BAHT) Current Assets 1,228 1,119 1,249 Total Assets 1,361 1,242 1,366 Current

subsidiary have sold total of two pieces of land. For projects, the company is developing, has delayed. However, these projects are on a good progress. First, the non-hazardous waste landfill is now completed

Injection Not exceed USD 55,000,000 (Approximately Baht 1,685 million) Purpose of investment For the purpose of organization restructuring for the Company’s Brazil subsidiary as well as to be more flexible

or equivalent to 12.02% resulting from the rise in gross profit margin from 8.15% in Q1/2019 to be 8.97%. This was derived from our well manage in purchase timing. Total selling and administrative

7.18% of the total revenue, due to the decrease in revenue while there was slight increase in expenses as well as the loss from foreign exchange, compared to a gain in foreign exchange in the previous