, (2) payment of interest and finance cost in the amount of Baht 935 Million (3) dividend payment in the amount of Baht 1,070 Million (4) repayment of short term loan in the net amount of Baht 408

/ finance costs) decreased to 40x from 65x stemming from the increase of loans and decrease of shareholders’equity as mentioned above. As a result, debt to equity ratio increased but remained at low level of

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

finance lease and hire-purchase agreement decrease Baht 1.34 million. 3. Shareholder equity as at September 30, 2018 amount of Baht 806.96 million increase from December 31, 2017 by Baht 138.68 million or

Production and Finance S & P Syndicate Public Company Limited

previous year, the ratio was nonetheless at relatively low level. Interest coverage ratio (EBITDA / finance costs) decreased to 36x from 91x stemming from the increase of loans and decrease of shareholders

) Gross Profit 283.9 198.0 43.4% 803.2 585.2 37.3% Administrative expenses (77.3) ( 57.8 ) 33.7% (223.4) (161.8) 38.1% Operating Profit 215.6 140.1 53.9% 593.0 426.9 38.9% Finance Cost (32.7) (19.9) 64.3

. Administrative expenses increased due to continuous expansion. Financial costs For the third quarter period ended on 30 September 2018, the Company had finance costs of 4.92 million Baht, a decrease of 3.36

) (2,180,360) (148,127) Finance costs (166,022) (152,358) (173,896) (87,692) Income tax (expense) benefit 115,322 (157,819) (24,166) (53,633) Share of profit (loss) of associate 320 1,080 70 (67) Profit (loss

415 N/A Loss from impairment of assets (34) - N/A (15) N/A (34) (441) N/A Share of profit of associate and JV 52 38 36% 21 144% 404 254 59% Profit/(loss) before finance costs and income tax expense