Third Quarter result Million Baht 2019 2018 Sales 1,684.72 2,020.38 Cost of Sales 1,586.08 1,935.80 Gross Margin 98.64 84.58 Gain (loss) on exchange rates 21.83 42.47 Other Incomes 4.97 9.30 Total

the previous year which decreased by amount of Baht 102 million, due to mainly came from the lower revenue from feed sales and higher cost of raw material . - Loss on investments in marketable

Public Company Limited (“the Company”) would like to report on Management Discussion and Analysis from the Separate and Consolidated Financial Statements of the year ended December 31, 2018. The details

to the following significant factors : 1. Net investment income, gain on investment and fair value gains totally amounted to Baht 22.53 million, a decreased of Baht 7.69 million or 25.5%, because the

financing. 4. In the 1st quarter, other revenues was 1.32 million Baht. Foreign exchange gain was 12.98 million Baht which mainly due to the strengthening of local currency 5. In conclusion, for the 1st

expense. On the contrary, net investment income, gain on investment and fair value gains totally amount to THB 25.45 million. An increase of THB 14.08 million (123.7%) relatively to last year figure. This

decreased from previous quarter to 4.9 million baht due to less borrowing. 4. In the 2nd quarter, other revenues was 2.03million Baht. Foreign exchange gain was 11.50 million Baht which mainly due to the

project management 195.2 4.7 280.0 8.4 84.8 43.4 Dividend income - - 0.3 - 0.3 100.0 Gain from transfer of right for land purchase and sale agreement 312.0 7.5 - - (312.0) (100.0) Gain on disposals of

performance Unit: Million Baht 2018 2017 Sales 1,863.61 2,055.79 Cost of Sales 1,797.16 1,844.15 Gross Margin 66.45 211.64 Gain (loss) on exchange rates 72.27 21.92 Other Incomes 11.49 19.91 Total Revenues

interest rate. 4. In the 2nd quarter, other revenues was 0.39million Baht. Foreign exchange loss was 39.41 million Baht which mainly due to the weakness of local currency and gain on commodity swap agreement