increased 29.52% when compare to the same period of 2017, due to the increasing of the quantity of Sales. 2. Cost of goods sold was Baht 1,251.16 million, the gross profit margin was 7.26% increased from 6.50

Glass Public Company Limited Page 2/2 Management Discussion and Analysis Total Expenses (Million Baht) Quarterly Change Six-month End June 30, Change 2/2018 2/2017 % 2018 2017 % Cost of goods sold 367.3

Baht, increasing 50.81% compared to the same period last year due to the adjustment of decremented provision and doubtful accounting policy to reflect the current assets value. 2. Cost of sales and

) (1,351.49) (3,837.04) (3,773.22) Cost of sales and services (1,123.90) (1,148.18) (3,369.21) (3,321.51) Cost of sales electricity (44.38) (14.82) (130.12) (36.59) Selling expenses (4.60) (12.82) (21.12

Baht 280.42 million, which decreased by 35% compared to the same period of last year. The advertising revenue from TV business decreased 21% and New Media decreased 79%. 2. Cost and expenses for the nine

13,657 % Change 34.15 43.11 22.22 2.49 71.58 controlled the volatility of raw material prices. In addition, the production and sales in this quarter decreased the cost per unit. • Sales Expenses Q3/2018

products of the subsidiaries. - Net Loss was 3.62 million Baht decreased from the previous year by 13.71 million Baht or 135.82%. Majority cost increasing was caused from the company has recorded to the

Amount % Electricity revenue - Availability Payment (AP) - Energy Payment (EP) 964 2,738 1,112 2,520 (148) 218 (13%) 9% Other income 6 8 (2) (25%) Total revenues 3,708 3,640 68 2% Cost of sale (3,183

costs of sales and services was ฿ 457.41 million, ฿ 21.55 million decreasing or 4.50 %. It is noticeable that the revenue from sales and services of the company has been decreasing as well as the cost of

children books decreased by 33%. 2. Costs and expenses for the first quarter 2018 decreased by 36% compared to the same period of 2017. The main reasons were:  Cost of goods sold and rendering of services