tax expenses 55.05 29.49 25.56 86.67 Loss Tax expenses (10.59) (5.31) 5.28 99.44 Operational Profit 44.46 24.18 20.28 83.87 Share of profit (loss) of associate 0.16 (14.03) 14.19 101.14 Net profit 44.62

Baht) For the year Movement 2018 2017 Increase (decrease) % Profit (loss) before tax expenses 71.53 28.61 42.92 150 Loss Tax expenses 13.35 5.07 8.28 163 Operational Profit 58.18 23.54 34.64 147 Share of

previous year, as a consequence of the performance of Advance Power Conversion Company (APCON) performance whose projects had been delayed from the plan resulted in net loss in 2018. Earnings before tax (EBT

) Selling expenses 9.47 12.42 (23.75) Administrative expenses 22.43 20.88 7.42 Finance cost 11.13 6.65 67.37 Profit (loss) before income tax income (expenses) (0.76) 9.41 (108.09) Income tax income (expenses

6.99% 28.84 5.18% Specific Business Tax 218.42 3.83% 307.19 3.85% (88.77) -28.90% Finance Cost 176.52 3.10% 193.08 2.42% (16.56) -8.54% Exchange Losses (Derivatives) 2.71 0.05% 124.13 1.56% (121.42

Company (APCON) whose projects had been postponed to the second half of this year. Earnings before tax (EBT): The company had an EBT of THB 17.19 M lower than 1Q18 by 26%, of which was directly affected by

(Unit: Million Baht) For the ended March Movement 2019 2018 Increase (decrease) % Profit (loss) before tax expenses 29.49 21.93 7.56 34.47 Loss Tax expenses (5.31) (4.08) 1.23 30.14 Operational Profit

percent, because loans from financial institutions and loans from other companies decreased. Tax expenses The Company and its subsidiaries' tax expenses was decreased Baht 9.92 million or 159.65 percent

same level as the previous year. - Profit before income tax expenses was down by 32% from 59.7 mil. baht to 40.3 mil. baht mainly due to eroding gross profit from Chemicals business as competition

expenses and cost effectiveness. 4. Tax expenses s increased by Baht 4.67 million compared to the same period Of the prior year. Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director