from compensation for loss of production cost which increased comparing to the compensation of Baht 18.18 million of 3rd quarter of year 2018. DEMCO Public Company Limited Details of the costs involving

) was Baht 172.25 million which resulted from compensation for loss of production cost which increased comparing to the compensation of Baht 86.28 million of the year 2018. DEMCO Public Company Limited

Equity Conversion Debt”). 4. ACO I agreed to reduce a part of the outstanding Trade Debt (i.e. a haircut) by waiver of the outstanding interest of USD 95,377,980, or equivalent to THB 3,291,419,906.931. As

. This has affected the cost of goods sold, especially the fixed cost on salaries for the production that was not able to occupy full capacity. (3) Gross profit The Company and its subsidiaries’ total

510 - 940 Million through the concession agreement period. Overview Operational Results In the first quarter of the year 2018, the Company had the net profit attributable to equity holders of the

of 15-30%. Cost to revenue from sale of other products ratio was mostly from cost of operating wood chip in Cambodia which is currently under temporarily nationwide suspension of production and

resulting in decreasing in debt to equity ratio. Furthermore, UWC was able to make a prepayment of the debenture by using proceed from the disposition transaction which helped UWC to decrease its interest

2018, the Company had the net profit attributable to equity holders of the Company in the amount of Baht 978 Million representing an increase from the same quarter of the previous year by Baht 255

) Items 30 June 2018 31 December 2017 Increase (Decrease) % Net Assets 6,459,148 6,229,084 230,064 3.69 Net Liabilities 1,827,135 1,365,377 461,758 33.82 Shareholders’ equity 4,632,013 4,863,707 (231,694

around THB 8mn and purchase price allocation (PPA) from Co-Mass’s consolidation of THB 9mn. As a result, net profit attributable to the equity holders of the Company increased by 22.8% to THB 62mn from THB