Baht 16.05 million in quarter 1/2018 or 5.79% due to management deciding to only renew the contracts with projects that have appropriate gross profit margin only. Management service Engineering service

, or 51.04%, compared on the same period from last year. Due to only 1 project (Notting Hill The Exclusive Charoenkrung) was able to transfer in June 2017, resulting in only paying up a portion of the

renew the management service contracts with appropriate profit margin only. 2. Solar energy which is a new business has higher gross profit margin than 2 existing businesses. Consequently, overall gross

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

. The impact is reduced somewhat when we compare EBITDA on a YTD basis (since Saraburi Quicklime is only consolidated from March 19th onwards) but it is still up 30%, and this without contribution from

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction

the same period of the last year. If excluding FX impact and one-time loss items, the normalized net profit increased by THB 53.2 mm or 1.9%. Such impact from FX losses was only accounting implication

3.2 (16.7) (35.2) Total Revenue 423.6 100.0 1,462.6 100.0 (1,039.0) (71.0) 1 Backlog include only sale with sales and purchase agreements 2 Calculated from interest bearing debt to equity Management

from foreign exchange by hedging to every payment from overseas, only recognized the income into the account. Cost of Goods Sold The company had the cost of goods sold as 193.84 million baht, decreased

TRANSLATED VERSION codified up to No.2 as of June 16, 2014 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference