0.41% compared to the same period of previous year consisting of the long finished steel production of 1.89 million metric tons, decreasing 10.85% and the flat finished steel production of 1.58 million

decreased from the year ended 2019 by THB 168 million. The current assets amounted to THB 1,893 million, increased by 1% from the year ended 2019. Total non-current assets amounted to THB 13,427 which

the Period Ended December 31, 2018 Business Overview In 2018, Ocean Glass Public Company Limited and its subsidiaries (“the Company”) reported consolidated revenues of Baht 2,031.10 million, decreased

, increasing 10.81% compared to the same period of previous year consisting of the long finished steel production of 0.883 million metric tons, increasing 4.65% and the flat finished steel production of 0.814

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

ended up 21.5% and export sales 78.5%. The Company reported gain from foreign exchange hedging at Baht 8.3 million. Other income from sales of scraps, obsolete equipment reported at Baht 2.5 million

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

Company Limited Management Discussion and Analysis Consolidated Financial Results For the period ended March 31, 2018 Ocean Glass Public Company Limited Page 2/2 Management Discussion and Analysis Total

. According to ISITAs data, total apparent finished steel consumption of Thailand for the first 6 months of 2017 was at 8.3 million tons, decreased by 16.4% compared to the same period of last year, while flat

million, which decreased by Baht 4,232 million or 14% from year ended 2018, totaling to Baht 30,632 million. Out of the total assets, Current Assets amounted to Baht 3,590 million, decreased 34% and non