tax expense (22.03) -3.1% (9.17) -1.1% (19.00) -2.3% 107.2% -13.8% Net profit 131.69 18.4% 121.27 14.6% 143.77 17.1% 18.6% 9.2% Non-controlling interests of the subsidiaries - 0.0% (1.09) -0.1% (1.24

130.44 15.7% 163.57 19.7% 160.71 19.6% -1.8% 23.2% 607.53 19.6% 658.03 19.7% 8.3% Income tax expense (9.17) -1.1% (18.98) -2.3% (19.07) -2.3% 0.5% 108.0% (66.21) -2.1% (77.22) -2.3% 16.6% Net profit 121.27

Income (expense) tax revenue (1.28) (0.24) (1.04) 433.33 Net Profit (loss) 103.65 42.91 60.74 141.56 2 /8 ( ) Union Textile Industries Public Company Limited : 205 4 . 39.5 10280 . 0 2323 1085..96 : 0 2323

, selling expense and administrative expenses rising that went up compared to the same period of the previous year. Financial Position Total Assets As of 31 December 2018, the Company’s total assets stood at

lower than the decreased rate in revenue, since the rest of equipment for lease project had a quite low gross profit margin and a higher equipment maintenance expense. Summary of Operation for Q4-2018

% 162.32 20.8% 163.68 21.4% 0.8% 1.9% 658.03 19.7% 660.86 21.0% 0.4% Income tax expense (19.07) -2.3% (18.59) -2.4% (18.20) -2.4% -2.1% -4.6% (77.22) -2.3% (77.65) -2.5% 0.6% Net profit 141.64 17.3% 143.73

expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost which will reduce in 2020 as long-term loans are repaid. Golden

11.40 million baht or 2.38%, due to the severance pay as the Labor Protection Act (No.7) B.E. 2019. • Selling expenses decreased 1.58 million baht or 4.13 % and the administrative expense decreased by

million baht or 3% from last year. This was as a result of an increase in personal expense by 4% caused by increasing employment of the Company’s subsidiaries, increases in rental cost of the Company’s

THB 9.10 million in the 1st quarter of 2016. Due to the cancelation of Edible Oil Sale department lead to the decreased in the selling and administration expense. Administration Expenses The company’s