Million for Last Year Quarter mainly due to increase in loss on devaluation of Finished Goods and Raw Material by THB 158 Million and lower Foreign Exchange Gain by THB 95 Million compared to Last Year

sales declined by 9.7% due to intense marketing competition led by strong Thai Baht. Domestic sales portion ended up at 24.9% and export sales at 75.1%. The Company reported gain from foreign exchange

million, increased by 3.2% mainly due to writing off the obsolete finished goods. As a result, the company reported net loss of Baht 8.1 million compared with a profit of Baht 6.6 million in the same

by 8.9% from the marketing activities expenses. The administrative expenses reported at Baht 28.8 million, increased by 4.1% due to writing off the obsolete finished goods and raw materials. Shutdown

equivalents short term loan from financial institutions decreased due to the repayment of packing credit and short term loans- letter of credit that matured during the year, inventory increased from finished

Imports of Alloy Steel and Galvanized HRC into Thailand due to strengthening of Thai Baht and removal of Safeguard duties on Alloy Steel in February 2019. The total shipment volume dropped by 40% and

2.2 million, increased by 150.6% due to provision of obsolete and long-aged finished products. Ocean Glass Public Company Limited Page 3/4 Management Discussion and Analysis  Selling and Administrative

loss from the operation higher than last year quarter by THB 416 million due to; - Stabilized HRC price: the average selling price of HRC in Q2-2017 was THB 17,403/ton, decreased by 7% as compared with

Total Equity 13,658 14,054  The Company posted net loss for the third quarter of 2018 amounted to THB 311 million which higher than last year quarter by THB 376 million mainly due to HRC selling price is

year mainly due production disruptions during 1st Quarter 2019 combined with the negative HRC cash margin for second half of 2019 resulting from large decrease in HRC selling price compared to last year