consolidated financial statements of the Company as of 31 March 2017). Details of the calculation are summarized below. Evaluation Criteria 1. Comparison of Net Tangible Assets Net tangible assets of SGAH x

“Company” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the nine months period ended September

Results of Foreign Companies stipulate that the auditors who affix their signature in giving opinions on the auditing of financial statements of foreign companies as prescribed by such provisions or

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transportation costs, food quality improvement, as a result of profit margin in 2017 totalled Baht 933.44 million dropped from 2016 amount of Baht 120.66 million or 11.45% and gross profit margin decreased from

. The amount increases were mainly driven by the rise in personnel expenses, rental cost, cost of services to customers, cost of transportation, and maintenance cost. However, SG&A as a percentage of

, transportation, selling and marketing expenses. 3 / 4 2. Financial performance by segment. 2.1 Revenue by segment Unit: million baht for 3-month period ended March Detail 2018 2017 diff % Processing and packaging

increased from the transportation cost.  Administrative Expenses In the year 2018, the Company and its subsidiaries had the expenses of 79.8 MB decreased from the year 2017 at 13.4 MB by 14.4 percent (93.2

29.41 million decreasing from last year 41.48%. 3) Selling expenses decreasing from last year amounting of Baht 3.66 million or 17.90% due to local transportation charge and local selling promotion

gain on sales fixed asset Baht 1.46 million. 4) Selling expenses decreasing from last year amounting of Baht 9.74 million or 12.02% due to local transportation charge decreased Baht 9.53 million. 5) The