) (5,356.66) Cost of sales and services (4,413.12) (4,755.33) Cost of sales electricity (165.89) (51.48) Selling expenses (25.22) (60.19) Operating and administrative expenses (375.23) (467.36) Finance costs

% Total Income 794.13 100.00% 936.78 100.0% -142.60 -15.22% Expense Cost of sales 597.99 69.77% 746.55 79.7% -148.55 -19.90% Selling expenses 35.11 4.10% 51.52 5.5% -16.41 -31.86% Administrative expenses

in 2016 to Baht 357.72 million in 2017, or 9.49%, due to the increasing competition from the market and customers were unable to install them that affected sales recognition did not on the target

compared to last year are as follows: (million baht) 2016 2017 Rental and services income 3,197 2,536 Cost 2,441 1,812 Gross profit 756 724 Gross profit margin 23.6% 28.5% Gross profit of the Company’s

and the sale of holiday club memberships increased by Baht 167 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket which were higher

Glass Public Company Limited Page 2/2 Management Discussion and Analysis Total Expenses (Million Baht) Quarterly Change Six-month End June 30, Change 2/2018 2/2017 % 2018 2017 % Cost of goods sold 367.3

in 2017 compared to higher cost of goods sold from imported zinc in 2018.  The recognition of a provision of forestry restoration compensation after the cessation zinc operation as stipulated by law

applicable. Other income was at Bt102mn, increased from 4Q22 by recognition of cash card expiry but decreased YoY from one-time item recorded in 1Q22. Finance cost was at Bt1,250mn, decreased -5.3%YoY from

, declined from QoQ which reported at 39.7%. The decrement was due to the selling of decorative items continuously grew from the 1st quarter. The Company reported total expenses and cost of Baht 489.0 million

-27.27% Other Revenues 11.10 1.44 671.16% 30.08 9.34 222.01% Total Revenue 222.31 268.56 -17.22% 475.93 622.35 -23.53% Cost of goods sold and cost of services 198.98 272.34 -26.94% 416.74 702.12 -40.65