’ meeting of Carnival Magic Company Limited No. 1/2561 on January 31, 2018 has ratified the transaction agreement on March 23, 2017 with Cherdchaiwon Company Limited regarding the production and installment

10% from those of 31 December 2017. The major increase item is raw material which is aimed to promptly support the expected higher production volume in second quarter. Investments in associated

Baht increased from the same period last year by 1.82 Million Baht or 68.11%. The primary cause is the cost in the production of agricultural business increased. The consolidated financial statements of

expenses reported at Baht 36.7 million, increased by 24.1% from the write off obsolete inventories. Shutdown expense was at Baht 9.4 million decreased by 76.1% from continuing production for sale. For six

1,834 million or 24% from those of 31 December 2017. The major increase item is raw material which is aimed to promptly support the expected higher production volume in fourth quarter. Investments in

Analysis | 2 Executive Summary In 3Q2018, domestic palm oil production has increased as in other countries, in addition, stock of Crude Palm Oil (CPO) both in Thailand and International market has remained

from 1,163.00MB in 3Q 2017 and costs of goods sold increased by 4% to 3,499.33MB in 9M 2018 from 3,358.10MB in 9M 2017. This is because the company had lower cost of goods sold from its zinc production

13,657 % Change 34.15 43.11 22.22 2.49 71.58 controlled the volatility of raw material prices. In addition, the production and sales in this quarter decreased the cost per unit. • Sales Expenses Q3/2018

economies of scale and efficient control of production cost. 3. Selling expenses In Q3/2018, the Company incurred selling expenses of Baht 5.99 million, rising year-on-year by Baht 2.04 million or 51.65

pending to start the work after contract signing. Besides the cost of plastic raisin significantly increased due to demand of plastic raisin in China. This led to increasing of the production cost of the