21.20% EBIT 291.48 278.86 (12.62) (4.33%) Finance cost 61.99 49.11 (12.88) (20.78%) Income tax expenses 53.38 48.04 (5.34) (10.00%) Net profit 176.11 181.71 5.60 3.18% Net profit ratio (ROS) 20.16% 17.16

Company had operating loss before financial costs and income tax of 971 million Baht (89% of total revenues). The operating loss increased by 38% as compared to the same period last year of a loss of 704

from sales of goods 63.07 100.00 61.38 100.00 (1.69) (2.68) Cost of sales of goods 45.52 72.17 46.37 75.55 0.85 1.87 Gross profit 17.55 27.83 15.01 24.45 (2.54) (14.47) Other income 1.56 2.47 1.99 3.24

from sales and service 1,190.0 1,640.7 1,216.8 (450.7) (27.5) (26.8) (2.2) Rental income from equipment for lease 80.6 79.9 54.5 0.7 0.9 26.1 47.9 Gain on sales of investment - - 108.6 - - (108.6) (100.0

others 479.56 20.64% 531.90 23.42% Current portion of financial lease - - 1.17 0.05% Accrued corporate income tax 31.70 1.37% 29.49 1.30% Other current liabilities 10.23 0.44% 8.23 0.36% Total current

23.42% Current portion of financial lease - - 1.17 0.05% Accrued corporate income tax 15.29 0.71% 29.49 1.30% Other current liabilities 12.26 0.57% 8.23 0.36% Total current liabilities 496.47 23.13

from sales & service 719.81 853.77 -133.96 -15.7% Other income 5.57 6.29 -0.72 -11.4% Total revenue 725.38 860.06 -134.68 -15.7% Cost of goods sold & service 638.35 743.25 -104.90 -14.1% Selling expenses

impacting as we saw a 1.7mTHB increase in finance cost. Income tax was slightly higher as the portion of BOI was lower compared to the same period in 2017. Net income was lower due to the higher financing

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For the 9 months ended September 2018, East Water Group had total consolidated sales and services income of 3,170.91 million Baht, decreased by 97.23 million

and PF expansion in China will enhance Hygiene and Auto business IVL 1301 1421 134 1 Adjusted for one-time income of $21m from insurance claim at IVOG in 1Q18 While our industry and markets continue to