21% Gross profit 81.47 55.51 25.95 47% Gross profit margin 30% 26% SG&A 50.31 42.04 8.26 20% EBITDA 53.90 36.93 16.97 46% EBITDA margin 20% 17% Depreciation and amortization 20.61 20.83 -0.22 -1% EBIT

, while gross profit margin was 8.50%, compared to 7.99% in the first nine months of 2018. 2 Other income For the first nine monhts of 2019, the Company and its subsidiaries had other income of Baht

profit margin (%) 53.94 49.86 Unit : Million Baht Performance 4 | Padaeng Industry Public Company Limited and its subsidiaries Metals trading business The Company reached net profit from discontinued

. No significant change in cost of sales and service of Quarter 4 compared to Quarter 3 in 2019. Gross Profit and Gross Profit Margin Gross Profit THB Mn THB Mn THB Mn THB Mn THB Mn % THB Mn THB Mn THB

- (354) 354 (100.0) - (1,089) 1,089 (100.0) Total comprehensive income for the year 84,318 88,483 (4,165) (4.7) 111,074 101,918 9,156 9.0 Gross profit margin 23.6% 24.3% (0.7%) 23.6% 22.5% 1.0% Selling

the increase of net profit margin better than ever. Financial Position: Consolidated Financial Statements 1. Total Assets Unit: Million Baht Statement of Financial Position 31-Dec-2019 31-Dec-2018

21.66 12.88% EBIT 74.01 160.8 -53.97% Net Profit 63.05 130.46 -51.67% Basic Earnings per Share (Baht) 0.32 0.65 -50.77% Thus, the gross profit margin was at 11.70%. After deducted the financial cost and

. Operating Profit margin stood at 37.4%, mainly attributed to the increase in management income of CPNRF and further operating cost efficiencies and effective cost management. On a quarterly basis (excluding

(44.66) Interest on margin loans 60.89 4.11 60.89 4.11 Gain and return on financial instruments 172.82 7.55 172.82 7.55 Shares of loss from investments in an associate and a joint venture (19.59) 15.23

189 HRC Average Selling Price (Bht./ton) 18,097 15,491 HRC Cash Margin (Bht./Ton) 1,423 1,175 Unit: million Baht 3rd Quarter 2017 Year-end 2016 Fin an cia l St at us Total Liabilities 3,371 5,871 Total