% -24.5% 2,120.4 1,782.4 -15.9% EBITDA 396.8 440.6 300.3 -24.3% -31.8% 753.7 740.8 -1.7% Net profit (loss) 158.0 118.2 14.5 -90.8% -87.7% 289.8 132.7 -54.2% Gross profit margin (%) 44.2% 45.9% 41.9% -2.3

omission of dividend payment for the year 2019. Opinion of the Board of Directors See as appropriate for the shareholders to approve the omission of dividend payment for the year 2019 due to accumulated loss

operating loss and the lack of liquidity since 2008, the Company did not have sufficient funds to operate its business and had to cease the production of hot rolled coil, which further resulted in the

decline could be attributed to an increase of Baht 1,493 million or 16.36 percent in our impairment loss on loans and debt securities to cope with economic uncertainties. Operating profit before provision

could be attributed to a decrease of Baht 221 million, or 2.08 percent in impairment loss on loans and debt securities and an increase of Baht 835 million, or 2.13 percent in net operating income which

rate 312 17% 28 1% -91% 216 6% 290 3% 34% Share of loss from investment in joint ventures 35 2% -22 -1% -162% -23 -1% -74 -1% -225% EBT 405 22% 375 11% -7% 989 25% 1,055 12% 7% Income tax expense -48 -3

-664 -18% -549 -16% 17% -1,599 -21% -2,072 -17% 30% Finance costs -238 -7% -239 -7% 0% -662 -9% -816 -7% 23% Net gains on exchange rate -65 -2% 79 2% 223% 152 2% 369 3% 143% Share of loss from investment

Baht) Year Increase (Decrease) 2019 2018 Amount % Total Revenues 562.58 575.16 (12.58) (2.19) Costs and Expenses 563.21 554.34 8.87 1.60 Profit (Loss) -Net 1.04 18.11 (17.07) (94.26) Income of Sale and

income statements in which decreased by Baht 0.15 million or 37.5 percent in comparison with the same period of previous year. 1.7 Earning (loss) before interest and tax and Net Profit (loss) for the

scheduled to achieve COD in the 4Q2019  For 2Q2017, Projects under Construction and Development generated Baht 31.0 million of Share of Profit to WHAUP, consisting of a share of loss from operation of Baht