period result from the movement in prices of raw materials and products from the end of the previous reported period to the end of the current reported period. The cost of sales is impacted by inventory

% 25.5% 24.3% Adjusted net profit margin 22.5% 27.1% 28.2% 1Adjusted for share of investment in JV and associates and non-recurring expenses. 2As shown in financial statement, excluding minority interest

2,000,000 Shares, Baht 100 Per Share. Board Member 1. Ms. Kanyarat Thongtham 2. Ms. Sarunya Chareonsuk 3. Mr. Chiraphol Chiyachantana 4. Mr. Chirasak Chiyachantana Financial Position (Baht million) Of Thai

amortization 29.44 26.56 2.89 11% EBIT 30.85 27.19 3.66 13% Finance cost -5.87 -2.27 3.60 158% Income tax expenses -6.68 -3.90 2.78 71% Net income for period 18.30 21.02 -2.72 -13% Earnings per share (THB) 0.06

expenses increased by Baht 129 million largely as a result of higher payroll costs, provision for litigation cases and lower reversal of allowance for doubtful debts. Share of profit from investment in

sales were totally realized in the current period, while unrealized sales accounted for approximately 2.6% in 2Q16. The Q-o-Q increase in revenue was primarily due to sales volume growth that was

that took effect in 2017 that represented a reduction of about 2% on average. However, consignment sales were almost fully realized in the current period. The Q-o-Q decrease in revenue was primarily due

and loss on exchange rate offset by a reduction in allowance for doubtful debts. Share of loss from investment in associates decreased by Baht 46 million mainly relates to the profit from Thai Wah PLC

of the increase in cash and cash equivalents 1.4 MB and other current assets 1.1 MB, the decrease of trade and other receivables 20.3 MB, inventories 2.1 MB and non-current assets decreased in PPE 1.8

100% -2.0% -19.4% Gross profit 336 18.4% 245 13.1% 467 20.6% 37.0% -28.0% Net profit 97.7 5.3% 0.2 0.0% 324 14.3% 59088% 69.8% Earning per share (Baht) 4.93 0.01 16.35 Unit: Baht million Management