. (a subsidiary of Khon Kaen Sugar Industry Plc.) was completed on the 31st of October, 2017; the company holds 60% of share in BBGI Co., Ltd.; the amalgamated company. 5 | Management Discussion and

important step of GPSC in becoming future system integrator. Directions of power industry and GPSC in 2018 Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2017 and FY2017 5

1.64 1,120.2 2.28 (249.6) (22.28) 764.5 1.63 106.1 13.88 Other expenses 270.5 0.51 207.2 0.42 63.2 30.52 129.9 0.28 140.6 108.28 Finance cost 9.4 0.02 19.6 0.04 (10.2) (52.02) 45.2 0.10 (35.7) (79.14

) (3.45%) Other income 23.06 29.83 6.77 29.34% Selling and administrative expenses 195.24 200.68 5.44 2.79% Operating profit 993.74 954.83 (38.91) (3.92%) Finance cost 56.66 70.71 14.06 24.81% Income tax

) repayment of short term and long term loans in the amount of Baht 1,680 Million, (4) payment of interest and finance cost in the amount of Baht 862 Million and (5) dividend payment in the amount of Baht 1,834

in the amount of Baht 1,987 Million, (3) payment of interest and finance cost in the amount of Baht 1,837 Million, (4) repayment of short term loan in the net amount of Baht 816 Million and (5

strategy is the key tool for this industry and customer behavior changed from treatment to plastic surgery concept, this affect with WCIG business. However beauty business has a revive plan as follows

28.6%, which increased from the GPM of 20.4% in 1Q/18 due to the transfer revenue was mainly from new project recently developed by the Company therefore, the margin is in line with the industry standard

of long term loans in the net amount of Baht 9,290 Million, (2) dividend payment in the amount of Baht 1,987 Million, (3) payment of interest and finance cost in the amount of Baht 1,055 Million, (4

period last year. This came from highly competitive with many players, pricing strategy is the key tool for this industry and customer behavior changed from treatment to plastic surgery concept. Negative