: Million Baht Jan - Dec 2019 Cash flows from operating activities Net profit (Loss) for the period (1,353) Adjustments for Depreciation and amortization 900 Work roll amortisation 74 Interest income (20

8 months of 2017 resulted in a drop in China’s steel export. Rising trend in prices of flat steel in East Asia in Q3/2017 Source: Steel Business Briefing As a result, the company reported better

environment. The raw material reference prices on the world market are that the HMS 1&2 (80:20 ratio) scrap USA export price of the fourth quarter of 2018 was averaged at USD 303/mt. FOB, decreased from the

cost management is seriously needed in order to cope with the more dynamic business environment. The raw material reference prices on the world market are that the HMS 1&2 (80:20 ratio) scrap USA export

operating activities Net profit (Loss) for the period (504) Adjustments for Depreciation and amortization 439 Work roll amortisation 36 Interest income (19) Finance costs 228 Unrealised gain on foreign

operating activities Net profit (Loss) for the period (937) Adjustments for Depreciation and amortization 663 Work roll amortisation 55 Interest income (19) Finance costs 287 Unrealised gain on foreign

amortization 223 Work roll amortisation 21 Finance costs 62 Unrealised gain on foreign exchange 108 (Reversal of) loss on devaluation of inventories 6 (Reversal of) loss on confirmed purchase orders of

contract that had no pipe delivery, just installation. 1.2 Export sales revenue increased Baht 12.84 million or 35.56%. 2. Incomes from the water management business in quarter 1/2018 increased from the

volume. 3. Thai Baht was strong in first half year which led to lower of margin of export when translate to Thai Baht. However in year 2016, the Company expanded to the water management business which has

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