MB decreased from Q2/2016 by 3 MB or 4 percent while the gross profit margin is 36 percent (40 percent in Q2/2016) which effected from the adjustment of raw material price such as Latex and Solvent

for the year from discontinued operations. - - - - - (8) 8 100% Profit (loss) attributable to Equity holders of the Company 158 9 149 1650% 309 176 134 76% Earnings per share (THB/share) 0.26 0.02 0.25

year 2016 by 49 MB or -16.7 percent while the gross profit margin is 35 percent (39 percent in year 2016) which from the effects from the increasing of the main raw material and the currency fluctuations

(39 percent in year 2016) which from the effects from the increasing of the main raw material and the currency fluctuations in exchange rates  Sales Expenses Year 2017, the Company and its subsidiaries

) attributable to Equity holders of the Company 232 333 (100) -30% Earnings per share (THB/share) 0.39 0.55 (0.16) -29% 2 / 3 Consolidated financial results of 12-month ended period ● Declining in sales revenue of

addition, the dog chews business has been affected by competition in price and substitution of other raw materials. 1.2 The company’s income from energy business for the year2018 in the amount of Baht

financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8

inventories increased by Baht 11.26 million. These were primarily due to prepaid expenses and raw materials for engineering service and trading business. The group’s liabilities increased by Baht 36.58 million

the year. • There is no significantly changed in the cost of raw material. Unit : million baht Before After Q1/61 Q1/61 Net Revenue 206.12 206.12 Cost of Goods Sold 180.77 180.77 Gross profit 25.35

52 60 74 (14) -19% 98 113 129 (16) -14% Administrative expenses 33 33 55 (23) -41% 61 61 84 (23) -27% Profit for the year 167 167 145 22 15% 156 156 147 8 6% Profit (loss) attributable to Equity