% in Q3/2016 to 3.30% in Q3/2017. Net Profit For nine-month period of 2017, the Company had consolidated operating income of 2,547 million baht, increasing by 29%y-y, and reported net profit attributed

Baht) Year Increase (Decrease) 2019 2018 Amount % Total Revenues 562.58 575.16 (12.58) (2.19) Costs and Expenses 563.21 554.34 8.87 1.60 Profit (Loss) -Net 1.04 18.11 (17.07) (94.26) Income of Sale and

7.59% 9.73 8.81% EBITDA 150.59 6.40% 140.59 9.66% 10.50 7.47% Finance cost and tax income 0.61 0.03% (0.25) (0.02%) 0.86 (344.00%) Net profit 119.51 5.08% 110.64 7.60% 8.87 8.02% Basic earnings per share

50,000,000 and have outstanding in amount of THB 50,000,000. Under the Land Purchase Contract, there is a condition provided that if the Company pays for additional THB 30,000,000 then the seller will

sales and higher share of profit from associated companies comparing to 2018. The consolidated net profit margin in 2019 was 7.09% of net sales, increased from 6.24% in 2018. Earnings Before Interest, Tax

2017 while gross profit margin contributed of 14.32% in 2018, decreased from 16.41% in 2017. GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 4 of 14 Other Income The

and Services 10,088 80% 9,677 77% -411 -4% Gross Profit 2,546 20% 2,885 23% 339 13% Sale Promotion Income 511 4% 218 2% -293 -57% Other Revenues 92 1% 99 1% 7 7% Profit before Expenses 3,148 25% 3,201

) (22.66) (1.25) (5.52) Net Income (Loss) of the Company (6.22) (98.65) 92.43 93.69 Earnings (loss) per share (Baht per share) (0.0014) (0.0218) 0.0204 93.58 Net profit The Company and subsidiaries realized

1,703.23 1,470.68 232.55 15.8 Gain (loss) on foreign exchange 38.03 (344.10) 382.13 111.1 Profit attributable to owner of the Company 1,741.26 1,126.58 614.68 54.6 Earnings per share (Baht) 1.20 0.78 Fuel

7,355 65 21 7,329 7,376 (47) (1%) Profit (Loss) before FX, deferred income tax, impairment and impact of lease income 9,054 9,035 214 122 9,268 9,157 111 1% Loss from impairment (352) (509) - - (352) (509