first quarter ended March 31, 2019 with those of 2018. This report discusses principal changes in the reviewed consolidated financial statements. Overall market environment The Thai economy for the first

profit of the Corporate Group for the 1st quarter 2019 would be Baht 165.62 million or an increase of 18.30 percent. Details of the changes or impacts are described in the Management Discussion and

million Baht, which sales of scrap materials, interest income, gain on changes in fair value of short-term investment, and gain on exchange rates, etc. The other income has decreased by 1.71 million Baht

, being offset by non-cash reconciling items THB 392mn and changes in net working capital of THB 63mn. After deducting cash paid for interest expenses of THB 209mn and cash paid for corporate income tax of

tons per year. The investment budget for these projects is estimated to be around THB 1,200 - 1,500 million per year. However, this expansion plan can be adjusted depending on changes of future situation

assets of the company were THB 1,080 million, decreased by THB 17 million or 2% from 31 December 2018. Changes are highlighted as follows: • Short-term investment decreased by THB 90 million or 22% as a

million or increase by 0.28 million. The major changes were the net profit amounting to Baht 27.71 million and dividend payment by a subsidiary of Baht 27.84 million. Therefore, portions of company

(263)mn. This was derived from profit before tax of THB 161mn, being offset by non-cash reconciling items THB 331mn and offset by changes in net working capital of THB (183)mn. After deducting cash paid

million, the Corporate Group’s net profit for the year increased by Baht 4 .44 million or an increase of 3.28 percent. Details of the changes or impacts are described in the Management Discussion and

810mn (vs cash used in operating activities of THB 22mn in 3M 2017). This was derived from loss before tax of THB 159mn, being offset by (i) non-cash reconciling items of THB 3mn and (ii) changes in net