impacted by non-recurring items and higher financing cost. Following the adoption of Thai Financial Reporting Standard 15 (TFRS 15), CPN has amended the revenue and cost of food and beverages business

Revenues 400.1 100.0% 546.8 100.0% 146.7 36.7% Cost of Services 151.6 37.9% 197.2 36.1% 45.6 30.1% Insurance Expenses 0 0.0% 32.6 6.0% 32.6 100.0% Gross Profit 248.4 62.1% 316.9 58.0% 68.5 27.6% Gain on

/2018 Increase / (decrease) %change Sale income 499.82 76.03 423.79 557.40% Other income 1.69 1.21 0.48 39.67% Total income 501.51 77.24 424.27 549.29% Selling cost 452.77 67.28 385.49 572.96% Cost of

110.47 64.81 (45.67) -41.34% Cost of rendering of services (76.99) (51.03) 25.97 -33.73% Gross profit 33.48 13.78 (19.70) -58.84% Other income 0.60 0.30 (0.29) -49.55% Services expenses (1.29) (1.20) 0.09

increase in volumes due to the additional seventh kiln will positively impact revenue however higher fuel prices will negatively impact on the cost side. Golden Lime Public Company Limited 3 MANAGEMENT

estimated to expand led by mid- to high- income non-agricultural household, which are the Company’s target customers. The BOT’s report mentions on real estate sector that, in 1Q18, there remained pockets of

structure of investing unprofitable businesses such as biomass businesses to suspend loss from this businesses that machine could not fully operated thus the company has focusing on business of high voltage

by relying on consumers’ higher purchasing power. Moreover, retail players need to prepare for E-Commerce business which presents high growth lately. (Source : EIC Outlook Q2/2018) Performance Analysis

% margin, largely from controlled handset subsidy, improve revenue momentum, and cost efficiency. Service revenue (excluding IC) increased 4.9% YoY supported by both mobile and fixed broadband segments

(Decrease) Million Baht % Total Revenues 1,997.19 1,570.92 426.27 27.14 Sell and Services 1,980.67 1,562.80 417.87 26.74 Other Income 16.52 8.12 8.40 103.45 Cost of Goods Sold and Services (2,046.23