) Description For the year ending 31 December Year Increased (decreased) 2017 2016 Amount % Total revenues 815.31 791.94 23.37 2.95 Total expenses and finance cost 782.71 762.13 20.58 2.70 Share of profit from

period of last year amount of 37.30 million Baht or decreased 37.30%. In 2019 the Company has the doubtful debt 22.90 million Baht, decreased from the same period of last year amount of 276.22 million Baht

Limited and its subsidiary for the first quarter ended 31 March 2018 represented a loss before the provision for doubtful accounts of Baht 3.72 million. Inclusive of the provision for doubtful accounts of

percent. To : President, The Stock Exchange of Thailand NCL International Logistics Public Company Limited and its subsidiaries (the "Company") would like to clarify the description and analysis of the

profit was Baht 255.57 million, an increase from the same period of previous year of 1.39 percent. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description

high profit margin and also from effective marketing policy. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase

recognized doubtful account increased amount of 856.74 million Baht from the same period last year which is estimated from unpaid debtor. Such estimation are based on the Company’s regulations related

last year amount of 37.34 million Baht or decreased 55.06%. In 2019 the Company has received the doubtful debt 2.79 million Baht, decreased from the same period of last year amount of 30.17 million Baht

Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase / (Decrease) Million Baht % of Total Revenue Million Baht % of Total Revenue Million Baht % Revenues from Sales

record for revenue and net profit during the past several years. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2019 Year 2018 Increase