and its subsidiaries generated net increase in cash from operating activities of Baht 166.38 million, consisting of baht 231.96 million positively from operating performance and net negative working

 current building utilisation and lead time to construct new plant or expand in an existing plant. Source of Financial Capital As the group has no net interest bearing debt and operating working capital is

 lead time to construct new plant or expand in an existing plant. Source of Financial Capital As the group as no net interest bearing debt and operating working capital is positive the groups Page 2 of 3

 existing plant. Source of Financial Capital As the group as no net interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Page 2 of 3 Major

Capital As the group as no net interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Page 2 of 3 Major Factors which could have an Impact on the

55.33 (43.10) (43.79%) Gross profit 559.94 488.25 (71.68) (12.80%) Other income 20.48 9.54 (10.94) (53.41%) Selling and administrative expenses 96.21 93.90 (2.31) (2.40%) Operating profit 484.21 403.89

activities for 2Q17 are Baht 182 million, decreased by Baht 393 million compared to the cash flows from operating activities of Baht 575 million for 2Q16. It results from the increase in working capital such

1 Ref: AC.042/2017 14 November 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

11.63% Other income 19.27 9.54 9.73 101.90% Selling and administrative expenses 107.06 93.90 13.15 14.01% Operating profit 457.27 403.89 53.38 13.22% Finance cost 41.60 33.63 7.97 23.69% Income tax

positively from operating performance and net negative working capital of Baht -110.43. Most negative in working capital was from the payment of trade creditors and financing the growth of account receivable