%. This was mainly because the increase in sales and service income of Baht 23 million, decreased in administrative expense of Baht 5 million from the declined in loss on exchange rate, decreased in

31 March 2018 and 2019 were THB 50.80 and 54.80 million consecutively. Selling expense had risen by THB 4.00 million or 7.87% due mainly to Page 3 increase of Integrated Marketing Communications

increase of sales from package food and food service in convenience stores and modern trade outlets. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) In the first half of year 2019, the

the Company’s sales income and administrative expenses of the second quarter of 2019 and 2018 are as follows: Increase / Decrease 2 nd quarter of 2019 % 2 nd quarter of 2018 % MB. % Sales income

to improve as compared to the first quarter. In addition, the Company’s sales continued to increase in several countries, e.g., the United States of America, Indonesia and CLMV ( Cambodia/ Laos

 Analysis Quarter 1 2018 sales revenue for the group increase 10% year‐on‐year in USD terms to USD 165m in Q118 from USD 149m in Q117. The average exchange rate for Q118 was 10% stronger at THB/USD 31.5 from

million, an increase by Baht 4.68 million The Company and its subsidiaries had profit sharing from investments in associated companies of Baht 201 million in Q1 2018, up by Baht 4.68 million from Q1 2017

production cost of the Company. The rapid increment of pipe prices led to delay the customer purchasing. Consequently the Company could not increase the price in the same proportion because need of production

at the same rate as the financing cost of the Lender. Therefore, it is reasonable to increase the efficiency of capital management and reduce financial costs; including the risk of non-payment

affiliated companies including other investment policies. 7.3 On the investment, the price per share is likely to increase if the P/E ratio price increases close to the average of the same business. In