% 296,381 6% Current portion of long-term loans from financial institutio 100,800 1% - 0% 120,000 2% 132,000 3% Short-term borrowings - 0% - 0% 160,000 2% 207,405 4% Current portion of finance lease

99.93% Selling expenses 12.23 4.58 7.65 167.03% Administrative expenses 19.75 14.31 5.44 38.02% Finance cost 0.53 0.89 (0.36) (40.45%) Profit before income tax expenses 113.42 55.02 58.40 106.14% Income

Discussion and Analysis, Q2/2018 Page2/4 Q2/2017 Q2/2018 % Change 6M/2017 6M/2018 % Change Operating Profit 178.9 190.4 6.4% 286.8 377.5 31.6% Finance Cost (18.2) (30.6) 68.1% (34.5) (58.3) 69.0% Tax Expenses

239.3 -319 -57.1% Finance Cost 71.2 111.9 40.7 57.1% 134.7 210.9 76 56.6% Tax Expenses 59.5 19.4 -40.1 -67.4% 62.4 36.6 -26 -41.3% Net Profit attribute to Equity’s Shareholders. 148.1 44.5 -103.6 -69.9

from fixed assets of 74.00 Million Baht, decline from depreciation charges of 76.36 Million Baht and selling intangible assets of 21.01 Million Baht, decline in Finance lease receivable of 18.65 Million

Administrative expenses, impairment finance costs and share of loss from associates 57.53 777.43 37.52 78.22 Doubtful Account 86.50 1,168.92 - - Loss on impairment of goodwill 51.20 691.89 - - Management benefit

(77,391) (90,438) -14% (175,229) (163,963) 7% Finance costs (32,990) (41,363) -20% (66,706) (84,437) -21% Profit (loss) before income tax (37,427) (115,017) 67% 162,635 203,499) 180% Income tax (10,117

value of consideration received from the net asset value of Thai Bonnet Trading Zone Co., Ltd. 2.5 Finance costs in the amount of Baht 8.34 million, mainly from interest paid on loans from financial

4.21 million 16.43 1.6 Administrative expenses Baht 133.79 million Baht 121.12 million Baht 12.67 million 10.46 1.7 Finance cost Baht 51.46 million Baht 60.01 million Baht (8.55) million (14.25) 2. The

1,248,881 63.58 Selling & Admin. Expense 208,270 151,667 56,603 37.32 682,955 481,877 201,078 41.73 Finance cost 74,294 59,602 14,692 24.65 217,357 160,371 56,986 35.53 Gross profit 278,414 220,013 58,401