by 8.9% from the marketing activities expenses. The administrative expenses reported at Baht 28.8 million, increased by 4.1% due to writing off the obsolete finished goods and raw materials. Shutdown

อยางเปนมืออาชพี” Cost of sales in Q3/2018 accounted for 79.3% of revenue, up from 77.4% in Q3/2017. As a result, the average price of raw materials increased. As a result, gross margins narrowed. The

increased for 25.58% but the sales volume has decreased by 7.70%. Due to the limited availability of refined glycerine as raw materials from biodiesel production have decreased in accordance with the volume

addition, the domestic market has limited availability of refined glycerine as raw materials from biodiesel production have decreased in accordance with the volume of biodiesel production. Therefore, the

% 215 -32% 361 730 -51% Adjusted EBITDA Margin (%) 4.4% 6.8% -2.4% 7.6% -3.2% 5.9% 8.2% -2.3% Net Profit -36 67 -154% 20 -280% -16 131 -112% Item from raw materials derogation 14 -2,004 -101% 2 600% 16

glycerine in the market, resulting in a significant reduction in production. In addition, the domestic market has limited availability of refined glycerine as raw materials from biodiesel production have

% Adjusted EBITDA Margin (%) 1.0% 9.3% -8.3% 4.4% -3.4% 4.3% 8.6% -4.3% Net Profit -97 185 -152% -36 169% -113 317 -136% Item from raw materials derogation - - n.a. 14(2) -100% 16(2) -2,004 -101% Tax income

% 41% - Commercial 145 1,673 148 3% (91%) - Construction materials 25 90 50 101% (44%) - Others 24 30 49 101% 62% Gross profit 486 1,186 527 8% (56%) EBITDA 202 1,077 480 137% (55%) Net profit (loss) 34

. Such dropped was from more used in raw materials in this period which was in accordance to the higher demand in the Company’s products. As of March 31, 2019, the Company and its subsidiary had an

materials and factory supplies which was in accordance to an increase in sales revenue in this period. Moreover, cost of Disc material that was increasing from the changed in global steel market price since