economy. For domestic sector, private consumption and private investment also showed positive signs with private consumption recovering strongly in the durable goods segment (especially in vehicles) and

(44.44) (56.68) Labor costs 12.30 12.18 5.69 10.53 (6.61) (53.74) Depreciation costs 4.20 4.16 4.91 9.09 0.71 16.90 Freight expenses 0.70 0.69 0.22 0.41 (0.48) (68.57) Others/1 5.40 5.35 9.26 17.14 3.86

53,067 100.0% 49,224 100.0% 46,887 100.0% Note  Power electronics segment is a business segment which designs, manufactures, and sales of power supplies applied to computer, server, office automation

0.4% 374 0.7% 211 0.4% Total Sales Revenues 51,172 100.0% 53,067 100.0% 49,224 100.0% Note  Power electronics segment is a business segment which designs, manufactures, and sales of power supplies

and services segment showed improvement during the last quarter of the year as a result of the government’s economic stimulus. Private investment contracted in all investment categories from the

effective sales and marketing strategies continued from year 2017 including the launching of new products which were got positive feedback from the customers. Besides, the product segment management and the

424.11 10.29 (278.19) (65.59) GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2018 Page 2 of 11 Overall Financial Performance and Profitability Business Segment

textiles. The acquisition of DuraFiber will align with IVL’s strategy of pursuing accretive growth opportunities in the high value-added segment and complement with the current HVA tire cord fabric products

265 46.8% 23.4% 27.1% Office and Other 55 81 47.3% 7.1% 8.3% Digital Services 106 83 -21.7% 13.7% 8.5% Total revenue 772 978 26.8% 100.0% 100.0% The OOH media segment recorded broad revenue growth

. (Herein after “The Subsidiaries”). Core revenue of the Company for the Year 2017 increasingly adjusted at 64.95 MB or 16.47% from the previous year by the factor in each business segment as follows