(127.43 ) (290.46 ) 163.03 (56.13%) (72.54%) (98.16%) Gross Profit 48.23 5.43 42.80 788.21% 27.46% 1.84% Other income 8.49 10.19 (1.70 ) (16.68%) 4.83% 3.44% Gain on disposal of investment property 12.21

) 14.64 14.70 Gross profit (loss) 7.46 6.13 2.52 2.47 4.94 196.12 Other revenues 2.33 1.91 4.16 4.07 (1.83) (44.09) Distribution cost (5.15) (4.23) (6.56) (6.42) (1.41) (21.54) Administrative expenses

) (93.87) (5.02) (4.39) Gross profit (loss) 7.85 6.70 7.46 6.13 0.39 5.22 Other revenues 1.44 1.23 2.33 1.91 (0.88) (38.03) Distribution cost (3.56) (3.04) (5.15) (4.23) (1.58) (30.73) Administrative

First Quarter of 2019 WHAUP finished our 1Q2019 with a Net Profit of Baht 424.2 million, a 40.8% decrease from 1Q2018 with Normalized Net Profit of Baht 394.2 million, a 15.3% decrease from 1Q2018. 1

"), an associate that the Company holding 30.3%, engaging in the business of product distribution under the brand SINGER with hire-purchase services, had a net profit of 165 million Baht, which was due to

, which came from costs of sales, distribution costs and administrative expenses control, Change in recognition of depreciation of right-of- use asset pursuant Thai Financial Reporting Standards No. 16

distribution expenses + Administrative expenses) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues from sales EBITDA margin (%) = (Profit before

earned primarily from promotional, advertising income and logistics and distribution income, income earned from one-off events, etc. (2) Percentage margin is calculated by dividing Gross profit from sales

profit from rental and rendering of services increased by Baht 7.0 million or 12.6% from Q2/2019 as a result of the improved occupancy rates. Q3/2019 vs Q2/2019 (QoQ)  Selling and distribution expenses

6.14 3.16 5,02 3.16 1.86 58.86 Adm inistrative Expenses a 4a 3.76 4.Ol .1-lO 0,86 22.87 Financial costs 0.14 0.07 0.08 0.07 0.01 14.29 Total Expenses 49.89 41.06 43.34 40.98 2.36 5.76 Profit before share