launch of Singha Complex in late 2018. 2019 Net profit at THB 1,209m, or 16% decline YoY, due to various factors, namely profit margin during early stage of 2 hotels in Crossroads project phase 1

of cost of sales to sales revenue (%) 33.00 35.42 Gross Profit Margin (%) 67.00 64.58 Note: /1 Other costs of goods sold mainly comprise warehouse rentals, utility charges and other expenses related to

Profit 850.96 817.65 (33.31) (3.91%) Gross Profit Margin 59.34% 62.41% Raw Water Distribution by Customer Group (Internal usage for tap water production is included) Industrial Estate 63.63% Industrial

immovable property 404.849 165.165 239.68 145.12% Gross profit 75.459 86.593 -11.13 -12.86% Gross profit margin (%) 15.71% 34.40% -18.68% 3. Gross profit For the six-month period of 2016, gross profit was at

million, respectively, an increase of 11.54%. The gross profit margin for the year ended 31 December 2018 and 2017 was 36.68% and 40.47%, respectively. The drop of gross profit margin contradicts the rise

cost increased from purchasing raw water from private source as well as the depreciation and amortization from investment to increase raw water distribution capability. Therefore; gross profit margin of

for the period 16,889 29,536 20,538 (3,649) (17.8) Gross profit margin 22.6% 22.6% 22.4% 0.2% - Basic earnings per share (Baht/share) 0.04 0.07 0.05 (0.01) (17.8) Net profit margin 4.0% 7.3% 5.5% -1.5

Gross Profit Margin (%) 69.78 69.35 Note: /1 Other costs of goods sold mainly comprise warehouse rentals, utility charges and other expenses related to production. Gross Profit Gross profit for the period

amounting to Baht 8,778 million. As at 30 June 2018, the Company had 130,348 top-up kiosks across Thailand. Gross Profit and Gross Profit Margin Q2’ 2018 Q2’ 2017 Increase (decrease) Million Baht % Million

4.68 9.14 7.57 2.22 32.08 Total cost of sales 148.02 100.00 120.70 100.00 (27.31) (18.45) Proportion of cost of sales to sales revenue (%) 28.62 33.60 Gross Profit Margin (%) 71.38 66.40 Table 6 : Cost