derived from the management service and engineering service.  Overall gross profit margin decreased from 17.0% to 11.9% amount Baht (16.37) million. 2019 2018 Revenue 443.24 406.54 36.70 9.0% Cost 390.30

operation. Cost of hospital operations The cost of hospital operations amounted to Baht 71.60 million and Baht 137.31 million in the three-month period ended March 31, 2018 and the three-month period ended

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