and services 263.70 277.74 (14.04) (5.06) Total Costs of Sales and Services 753.19 734.65 18.54 2.52 Gross Profit 272.67 283.71 (11.04) (3.89) Other incomes 12.44 10.60 1.84 17.36 Distribution costs

due to the higher gross profit and the lower administrative expenses. As a result, overall net profit of the Group is increased. Analysis of revenues Q1’ 2018 Q1’ 2017 Increase (decrease) Million Baht

profit from underwriting decreased by 11.83 million Baht due to significant fact that earned premium and commission and brokerage income from reinsurers dropped by 4.3 million Baht. The ratio of net claim

profit of feeds was lower than the previous year which decreased by 13 million baht, due to, mainly from the lower revenue from feed sales and the higher cost of raw material. Moreover, the other income

because the gross profit of feeds was lower than the previous year which decreased by 19 million baht, due to mainly came from the lower revenue from feed sales, compared to the first quarter of the

because the gross profit of feeds was lower than the previous year which decreased by 23 million baht, due to, mainly from the higher cost of raw material, compared to the first quarter of the previous year

because the gross profit of feeds was higher than the previous year which increased by 30 million baht, due to mainly from the efficiency improvement of production cost management. Sincerely Yours, ( Mr

subsidiary recorded gross profit of 4,418 MTHB, improved by 2.8% from the year 2018 due to lower prices of raw materials this year and improvement of production reliability. However, such improvement was

volume. 4. Profit from foreign exchange increased by 16.75 million baht (from 5.17 million baht to 21.92 million baht) due to an impact from fluctuation of exchange rate, However the company tried to

receiving payment 5. Financial Cost 0.02 million bath was decrease 0.04 million baht or (54%) due to In reinterest on long – term loans and overdrafts 6. Operating profit 38.42 million bath compared with last