percent, due to the fact that every distribution channel has expanded significantly, as well as effective cost management has resulted in maintaining gross profit margin at a good level. (2) Analysis of

ended March 31, 2019 Ocean Glass Public Company Limited Page 2/3 Management Discussion and Analysis Total Expenses (Million Baht) Quarterly Change 1/2019 1/2018 % Cost of Goods Sold 257.2 260.5 (1.2

, mainly due to increase of export sales and local sales. 2) Cost of sales decreased by Baht 16.82 million due to sales amount increase from selling price increasing and new local customers. Cost of sales

, there is income and cost specifically for the part of representation and domestic transportation activities only. The comparison between combination of such two companies’ income and the previous year

) -12.4% Interest income 115 79 36 +45.6% Cost of sales and services 3,855 3,956 (101) -2.6% SG&A expenses 256 238 18 +7.6% EBIT 368 302 66 +21.9% Interest and Tax expenses 126 59 67 +113.6% Share of profit

2019 (2nd quarter of 2019) as follows: Q2/2018 Q1/2019 Q2/2019 QoQ % YoY % Net Revenue 251.20 194.28 221.13 26.85 13.82 -30.07 -11.97 Cost of Goods Sold 204.16 163.05 187.08 24.03 14.74 -17.08 -8.37

consolidated gross profit margin was 14.48%, increased from the same period of last year at 13.75% as the company implemented better production cost control for new products of automotive parts and milk and

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

nearing completion. Moreover, projects that are operating at still the beginning stage thus, the Company is able to recognize revenue only in proportion to the success of the work. 2. Cost of construction

of cost control measures and improving operational efficiency. The operating results of KT ZMICO for the second quarter of 2019 and 2018 as follows:- Unit : Million Baht 2019 2018 Net securities