from a year earlier, which can be summarized as follows: 1. Gross Profit including Other Income was up 23% Y-O-Y or Baht 41.0 million due primarily to higher sales and Gross Profit Margin from 31.2% in

margin 17.05% 16.36% Other income 0.10 3.51 (3.41) -97.04% Selling expenses 1.41 1.78 (0.36) -20.35% Administrative expenses 27.85 22.39 5.46 24.37% Earnings before interest and tax 40.15 36.83 Finance

including Other Income up 19% Y-O-Y or Baht 158.4 million driven by higher sales and Gross Profit Margin from 31.4% in FY 2017 to 32.9% in FY 2018; 2. SG&A including Interest expenses up 12% Y-O-Y or Baht

= (EBIT / Net Income) * 100 14) Net Profit Margin = (Net Profit / Total Sales) * 100 15) Return on Equity or ROE = (Net Profit / Average Equity) * 100 16) Return on Assets or ROA = (Net Profit / Average

Distribution cost 24.33 5.15 22.31 5.69 2.01 9.03 Administrative expenses 47.46 10.05 44.71 11.41 2.74 6.14 Financial cost 0.69 0.15 0.93 0.24 -0.24 -25.66 Profit (loss) before income tax expenses -31.11 -6.59

- Translation – No. M06/001/19 February 25, 2019 Subject Clarification on Y2018 Company Performance To The President of the Stock Exchange of Thailand Reference MDX Public Company Limited and its

have been lowered only 18% or Baht 21.0 million Y-O-Y, which can be summarized as follows : 1. Gross Profit including Other Income down Baht 22.0 million Y-O-Y , caused by lower sales revenue due

. Limited (“VNTH”), its subsidiary in Singapore, and then realized loss on foreign currency differences on dissolution amounting to -13 MB from other comprehensive income to the loss for the year. MTHB % MTHB

period last year. Revenue from sale of goods declined by 8.6% from THB 994.2 million to THB 908.5 million. Other income decreased by 30.6% from THB 28.5 million to THB 19.7 million. Whilst revenue from

the company’s strategy of relying more on subcontractors and strategic partner, by reducing the Administrative expenses in the “Separated” Statement of Comprehensive Income from 74.44 million baht in