compared to a net profit of 18.45 million baht, is due to the following reasons: 1. The ailing economic condition especially in the automotive industry, in addition to a change in the company’s strategy to

and continuous declining global economy and the greater range of fluctuation that had a strong effect to maritime industry. Please be informed accordingly. Yours sincerely, Chanet Phenjati President

. The net loss decreased 39.85% The loss from operation was due to the long and continuous declining global economy and the greater range of fluctuation that had a strong effect to maritime industry

net operating loss is equivalent to 15.82% The loss was due to the declining global economy and the greater range of fluctuation that had a strong effect to maritime industry. However, the loss

corresponding period last year, or 36.62% increased, which was better than the average growth rate of industry. These are because of our correct expanding strategy that emphasized on real demand segment, and

industry. 2. Selling and Administrative Expenses Selling and Administrative Expenses increase in accordance with sales. In Q1/2018, the company’s selling and administrative expenses were Baht 116.11 Million

construction industry, the expansion of new Shopping complexes and renovated stores, and the sales recognition in this quarter of some backlog turnkey projects ; - Wholesales/Retails up 14% Y-O-Y thanks to the

% increased. The increment was in accordance with company’s expanding strategy and well management in marketing and sales; therefore, company’s revenues were able to growth better than overall of the industry

projects postponed to next quarters, Project sales up 5% Y-O-Y driven by the continued growth in construction industry and the expansion of new Shopping complexes; - Wholesales/Retails sales up 5% Y-O-Y

the greater range of fluctuation that had a strong effect to maritime industry. However, the loss decreased substantially. Please be informed accordingly. Yours sincerely, Chanet Phenjati President