respectively, with the amount was recorded at the same level.  Financial costs The Company had the financial costs for the year 2018 and 2017 amounted to THB 475 million and THB 271 million in respectively. The

million in accordingly. • Selling expenses Selling expenses for year 2018 and 2017 amounting to THB 362 million and THB 185 million in respectively, with the amount was recorded at the same level

to reduce the assets that have a low level of a liquidity and can not be efficiently utilized, and the disposal of such assets does not have a material impact on the Company’s business operation. In

/kg or down 16% from the same period of previous year. Compared to 4Q2018, crude palm oil price was reduced by 0.90 Baht/kg or down 5% to at 16.04 Baht/kg because the inventory level still remains at

and low spending level in 1Q18. QoQ, marketing expenses declined 4. 6% mainly from lower advertisement. Marketing expenses to total revenue stood at 5.9%, compared to 5.5% in 1Q18 and 6.1% in 4Q18

same level.  Financial costs The Company had the financial costs for 1st Quarter 2019 and 2018 amounted to THB 127 million and THB 112 million, respectively. The increased of financial costs of THB 15

currency which could reduce risk from exchange rate fluctuation in a certain level. Besides, the Company has the adaptation plan in respect of various projects aiming to reduce production cost in order to be

consolidated debt to equity ratio was 0.42 time, same level as 0.42 time as at December 31, 2018. As at June 30, 2019, the consolidated interest- bearing liabilities were THB 3,351. 40 million, decreased from

palm oil inventory level of 200,000 - 250,000 tons. For ME domestic demand in 2Q2018, it is estimated approximately at 339,000 tons, increased by 21,000 tons or up 7% yoy, which was resulted from mandate

was 0.43 time, same level as at December 31, 2017. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2018 Page 9 of 13 As at September 30, 2018, the consolidated