% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 5 percentage points lower at 11% in Q118 down from Q117 at 16% due to stronger THB/USD exchange rate

% HMT (Ohio, USA) 4% 4% 5% 4% 5% 100% 100% 100% 100% 100% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 1 percentage points lower at 14% in Q218

Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 6 percentage points lower at 12% in Q319 down from Q318 at 18% due to reduced economies of scale from lower

million or up by 3. 58% as compared with the same period last year. The gross profit margin as a percentage of sales has marginally increased from 25.71% in the same period last year to 25.73%. This

% 4% 100% 100% 100% 100% 100% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 7 percentage points higher at 15% in Q120 up from Q119 at 8% due to

every page by the leader and the authorized signatory of the audit firm, and the audit firm’s seal on every page. - Fees No. Details Fee (Baht /Percentage) 1) Application fee for approval of foreign

ordinary shares in entire 4,900,000 shares at 10.00 Baht per share (par value). This is in total value not more than 49,000,000.00 Baht and the share ratio is 100% of the capital. The total investment in

/ Myanmar/ Vietnam), etc. Gross Margin In the second quarter, the Company has gross profit of 364.5 million Baht or equal to 28.0 percent of revenue from sales. The ratio between gross profits per the sales

% 4% Non-controlling interest 78.96 65.77 75.40 20% 5% Total shareholders' equity 1,735.48 1,615.24 1,666.39 7% 4% Page 4 of 4 Ratio Analysis Financial Statement year ended March 31, 2018 In 1Q’18

reasons for the decline of cost ratio not only stemmed from the increase of SW income and non-sw income per head but also from the efficient cost management particularly staff cost. Administrative Expenses