million, 7.5% down from the same quarter of last year mainly because of the significant appreciation of THB/USD cause material cost increase in term of THB which has resulted in higher cost of goods sold

19.62 180.80 42.38 Other income 17.25 20.62 80.81 75.81 EXPENSES (1,347.43) (1,155.05) (2,599.49) (2,437.85) Cost of sales and services (1,132.81) (1,012.02) (2,245.32) (2,173.34) Cost of sales

Phuket Project with Central Department Store Co., Ltd. (“CDS”), a connected party. The objective of such transaction is to develop shopping complex at a cost of 1,282 million Baht (12% discounted present

102.57 1.76 1.71% Finance Cost 22.31 16.81 5.50 32.74% 40.98 34.38 6.60 19.21% EBT 14.40 54.36 (39.96) (73.51%) 127.46 78.94 48.51 61.45% Tax 1.10 (15.84) (16.94) (106.97%) (21.06) (20.18) 0.88 4.37% Total

has dropped slightly mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new factory building in Q1/2018. Depreciation increased THB 20.15

the same quarter of last year, but the price adjustment was not immediately possible. Labor costs have increased due to the minimum wage adjustment in April. In addition, the cost of depreciation

& Admin. Expense 217,667 164,859 52,808 32.03 Finance cost 70,310 51,060 19,250 37.70 Gross profit 416,712 227,598 189,114 83.09 Net profit 126,434 24,017 102,417 426.44 Gross profit margin (%) 31.29 33.73

beginning of 2017 to USD 18,000 per ton this year) and the proportionate of an increased in scrap cost is greater than an increased in HRC market price. In Q3/2018, the company will maintain an overall output

11.76 million. As the company started to generate revenue from commercial biomass fuel sales in Q2/2018. 2. The company’s cost of sales and services in the amount of Baht 354.49 million or 81.32 percent

-2.3% Other income 7.79 8.03 -0.24 -3.0% 12.82 14.42 -1.60 -11.1% Total revenue 852.18 935.47 -83.29 -8.9% 1,710.98 1,752.33 -41.35 -2.4% Cost of goods sold & service 741.76 802.70 -60.94 -7.6% 1,485.01