2.72 million, respectively. Distribution cost For year 2017, the Company has distribution cost at Baht 22.31 million which decreased compared to year 2016 by Baht 0.74 million or equivalent to 3.20

February 28, 2019 Subject: Managing Discussion and Analysis for Year2018 To: Managing Director The Stock Exchange of Thailand The company would like to report to operation results for the company and

have an allowance for value of goods last year Therefore the reversal of the allowance for the value of the goods Causing the cost of sales to decrease by 4 million baht 3. The increase in distribution

- 0.02 100.00 Total net sales and service income 354.02 - 354.02 100.00 3. Distribution costs and administrative expenses increased by 70.65 percent compared to the same period last year. Because the

ended March 31, 2019 Firetrade Engineering Public Company Limited (“the Company”) would like to report the operating result according to the Company’s consolidated financial statement of the Company and

with Patong Municipality, Phuket Province of a subsidiary. It’s started to recognize revenue from 4 January 2019. 2.2 Income from installation and distribution of water production systems increased from

million, Baht 0.56 million and Baht 1.05 million, respectively. Distribution cost For the 3 months period (quarter 1/2018), the Company has distribution cost at Baht 6.56 million which increased compared to

above. 6) GS can distribute water supply to user and reservoir can maintain an average water for distribution not less than 24,000 cubic metre per day and expected to be operated within the end of second

Q2/2018, the distribution cost at Baht 15.4 million, increased Baht 3.48 million or 29.19% compared to Q2/2017 because company and subsidiaries had paid commission to agent for sale house according to

was attributable to the Company has some fixed costs that unchanged irrespective of the revenue. Distribution costs The Company booked distribution costs amounting to Baht 1.87 million and Baht 2.82