management fee and interest income. Administrative Expenses The Company and its subsidiaries had Administrative Expenses of Baht 1,984.82 million, decreased by Baht 146.44 million or 6.87% from last year

amount of Baht 10.3 million or 7.5% which decreased in line with interest bearing debts of the Company. - Income tax for the year 2018 was Baht 285.0 million which increased from the year 2017 by Baht 14.1

134.00 Million Baht or 45.42 Million Baht when compared to same period of previous year due to subsidiaries has interest received, sale wire scrap and income from investment in Opened-End Fund (2) Gross

- 303.33 100.00 2. Cost of sales of CPOA CPOA business has a loss of 3.46 percent, due to the company preventing conflicts of interest. By purchasing CPOA CPOA from related persons or juristic persons

buy land without interest) Sale and Purchase contract ordinary shares agreed to as per condition payment as follows; • Baht 10,000,000 at Contract Date as Deposit which is considered as part of the

borrow to buy land without interest) Sale and Purchase contract ordinary shares agreed to as per condition payment as follows; • Baht 10,000,000 at Contract Date as Deposit which is considered as part of

by 4.0% due to interest expenses of short- term loans. Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Statements of Financial Position as at March 31, 2019 March 31

of Baht 5.47 million or 211.20 % increase due to recording of the interest payable for convertible debenture whereas there is no this transaction in 2018 Summary of the financial status as ended 31

25.5% Total Revenue 774.5 689.6 12.3% 775.2 -0.1% Selling and Administrative expenses 304.4 267.3 13.9% 326.9 -6.9% Profit before interest & tax 121.0 100.1 20.9% 93.2 29.8% % 15.6% 14.5% 12.0% Finance

long-term loans from financial institutions by Baht 477.0 million and increased of interest payment by Baht 32.7 million. Please be acknowledged for your information. Sincerely Yours, (Mr.Wanthana