service income increased 3.3% q-on-q from Baht 9,933 million in Q4’2018 to Baht 10,257 million in Q1’2019 primarily due to an increase of volume and selling price of electricity and steam and the SPP1

price and has met the technical requirements. In addition to the price, the Company has carefully considered other factors e.g. work experiences, past performance, financial situation, etc. for the

domestic sales 24.2% and export sales 75.8%. Gross profit was down from 33.6% to 25.8% due to low margin sale to B2B coupled with the increase in raw material and energy costs. Total expense was Baht 504.6

in industry situation, the company still maintained the market leader position and partly from the fire incident at UHT production line, which was fully covered by insurance for properties damaged and

situation of the COVID-19 pandemic. - Swine farm business recorded its revenue of Baht 64.5 Million or an increase of Baht 3.7 Million from Q2/2019. Page 2/…… - 2 - Gross Profit Margin Gross Profit Margin

, approximately the same level as last year of THB 104.9 million. Profit sharing from investments in associates and joint ventures increase by THB 19.5 million or 44.3% from the same period last year. As a result

and printers as compared to the previous year. The decreased sales revenue was mainly due to the COVID-19 situation causing the suppliers were at temporary closure in China and Malaysia and in resulting

2nd quarter of 2019, the company had revenue from sales and services of Baht 374.86 million, net profit of Baht 46.15 million, mainly due to the situation of the COVID-19 epidemic. This resulted in the

was an increase of THB 333.3 Mn or 15.3% and was mainly due to the increased in revenue from sales and service. The reasons for the increase was mainly due to (1) the opening of new branches, (2) the

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 2 2. ECONOMIC SITUATION Thai economy in Q3/2018 continuously grew. Export-oriented manufacturing businesses expanded for specific sector, automobile