and Administrative Expenses 244.45 197.78 +23.60 Financial Cost 30.80 34.60 -11.00 Net Profit 189.79 287.27 -33.93 (Unit : Million Baht) Financial statements in which equity method is applied 2017 2016

) Financial Cost 7 7 - Net Profit 23 45 (49) (Unit : Million Baht) Financial statements in which equity method is applied Q1/2018 Q1/2017 % Change Sales and Service Income 467 461 1 Cost of sales and Services

was in Baht 26.8 million) 4) Financial cost decreased by Baht 0.5 million, mainly due to decrease of interest expense. 5) Company record loss sharing in joint-venture by equity method of Baht 1.2

million). 4) Financial cost decreased by Baht 0.4 million. 5) Company record profit (loss) sharing in joint-venture by equity method of Baht 1.4 million increased from the quarter 2/2017 by Baht 1.2 million

Income from lower Interest income on loan and bank guarantee from GHECO-One due to full repayment of such loan; and iii) 8.1% decrease of Share of Profit from Investment in Asscociaties and Joint Venture

interest expenses of long-term loan. Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Statements of Financial Position as at March 31, 2020 March 31, 2020 (Million Baht

shareholders’ equity. (4) Low cost source of funds on loan from financial institution upon the Company’s capital base is adequate for loan support due to interest rate is lower than expected investment return

gross profit margin and long-term shareholders’ equity. (4) Low cost source of funds on loan from financial institution upon the Company’s capital base is adequate for loan support due to interest rate is

control to increase gross profit margin and long-term shareholders’ equity. (4) Low cost source of funds on loan from financial institution upon the Company’s capital base is adequate for loan support due

Rama 2 Soi 54 Rd., Samae-Dam, Bang Khun Thian, Bangkok 10150 Tel. 02-897-8888, 02-897-8800 Fax. 02-897-8890 8. Expected Benefits to the Company To pay the loan and reduce the interest of the