loss of 243%. The Company would like to summarize the causes of the significant changes of the Group’s operation as follows: 1. Revenue from sales and services for the nine-month period of 2017 decreased

Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A for the year 2017 as of 31 December 2017 as follows: QoQ % YoY % THB'm % Net sales 212.16

Performance TCJ and its subsidiaries had the total revenue of 1,475.29 million Baht, increased 229.91 million Baht from 1,245.38 million Baht in the year 2016 or increased by 18.5%. Revenue Sales Revenue 957.58

of Baht 19.36 million. 2. Cost of Sales and Services, Selling and Servicing Expenses and Administrative Expenses The cost of sales and services, the selling and servicing expenses and the

management based on the Company's financial statements for the 12 months ended December 31, 2018 NCL Group gained net profit of 3.16 million Baht or 0.26% of revenue from sales and services, increasing 141.53

the Company and its subsidiaries as follows: Summary of S&P Syndicate PCL operating performance Ending 31 December 2018 Revenue from Sales and Services In 2018, the Company and its subsidiaries

and Cloud Computing business of Baht 61.93 million; - Other revenue of Baht 11.94 million. 2. Cost of Sales and Services, Selling and Servicing Expenses and Administrative Expenses The cost of sales and

–2018, it found that there were the higher gross margin and the higher sales in Q1–2019, causing to the profit of Q1–2019 increased significantly. Operating Results and Capabilities to Make Profit

subsidiary companies in Q1/2019 is 2,790.24 million THB, increasing 290.71 million THB or 11.63% from Q1/2018. The income from sales, rent and service and management fee increased 10.71%, 44.17% and 16.99

Cloud Computing business of Baht 12.92 million; - Other revenue of Baht 1.94 million. 2. Cost of Sales and Services, Selling and Servicing Expenses and Administrative Expenses The cost of sales and