café which has a higher gross profit margin than sales from other distribution channels. The Company has also displayed the ability to manage cost efficiently. G R O S S P R O F I T a n d G R O S S P R O

. The government spending would still be the crucial driver for Thai Economy, especially the investment in large transportation infrastructure projects such as Double – track railway project and sky train

DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2018 2 2. ECONOMIC SITUATION Thai economy for the 5 months ended May 2018 continually expanded, supported by

) Profit before expenses, finance cost and taxes 20.21 23.07 30.55 25.73 10.34 51.16 Distribution costs 2.36 2.69 2.33 1.96 (0.03) (1.27) Administrative expenses 10.14 11.57 8.79 7.40 (1.35) (13.31) Profit

products. For the domestic, the Lockdown measure from the Thai government resulted in the hypermarket stores such as Tesco Lotus, Big C, Home Pro, etc. that are the customers of the company necessary to

COMPANY LIMITED SCP: SOUTHERN CONCRETE PILE PUBLIC COMPANY LIMITED SE: SIAMEAST SOLUTIONS PUBLIC COMPANY LIMITED SF: SIAM FUTURE DEVELOPMENT PUBLIC COMPANY LIMITED SIS: SIS DISTRIBUTION (THAILAND) PUBLIC

0.33 Million Baht or 93.86% decrease from the same period last year. This was the result of received from associated companies is Thai Takaya Co.,Ltd. 0.30 Million Baht. 4. Gain on sales of assets 1.74

sales related to generation and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as

and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility expenses

wide-coverage distribution that reaches almost all regions of Vietnam will help expand the Company’s business in Vietnam. 1,533 1,741 1,760 1,507 1,515 1,370 1,500 1,531 110 143 161 117 118 61 78 28 0 20