% Cost of sales (290.46 ) (600.93 ) 310.47 (51.66%) (98.17%) (84.80%) GROSS PROFIT 5.42 107.69 (102.27 ) (94.96%) 1.83% 15.20% Distribution costs (26.13 ) (35.11 ) (8.98 ) 25.58% (8.83%) (4.95

% 100.00% Cost of sales (290.46 ) (600.93 ) 310.47 (51.66%) (98.17%) (84.80%) GROSS PROFIT 5.42 107.69 (102.27 ) (94.96%) 1.83% 15.20% Distribution costs (26.13 ) (35.11 ) (8.98 ) 25.58% (8.83%) (4.95

water production systems and construction of turnkey water treatment systems 43.49 16.32 166.48 Selling and distriburtion expenses 10.73 11.52 (6.86) Administrative expenses 29.87 23.80 25.80 Finance cost

Cost of sales 156.62 148.73 10.59 10.68 Administrative expenses 179.55 165.60 12.14 11.89 Loss (profit) from the exchange rate 0.76 -2.42 0.05 -0.17 Financial costs 78.66 54.43 5.32 3.91 Income tax

sales and services compared to the same period last year. This is due to the slow movement of goods with high production costs and past purchases such as high exchange rates. Reworking 3. Decrease in cost

4.33% Cost of service 0.99 1.40 -0.41 -29.54% Total cost 1,652.26 1,584.13 68.12 4.30% Selling and administrative expenses 450.39 409.48 40.91 9.99% Finance costs 3.63 14.71 -11.09 -75.35% Net profit

income 1,137 896 241 27% 1,000 824 176 21% Cost of sales and services -812 -647 165 25% -721 -613 108 18% Gross Profit 325 249 76 31% 279 211 68 32% Other Income 10 5 5 100% 18 9 9 100% Distribution costs

% Total cost 1,716.06 1,628.25 87.81 5.39% Selling and administrative expenses 467.17 429.18 37.99 8.85% Finance costs 2.11 24.10 -21.99 -91.23% Net profit 291.87 396.57 -104.71 -26.40% Jul 17 - Sep 17 Q2

% Total cost 1,786.69 1,565.92 220.77 14.10% Selling and administrative expenses 458.92 463.14 -4.22 -0.91% Finance costs -0.58 22.93 -23.51 -102.54% Net profit 182.94 331.98 -149.04 -44.89% Oct 17 - Dec 17

marketing expenses. As a percent of total revenue, selling expenses remained stable at 3.4% during both 2017 and 2018. Administrative Expenses Administration costs increased from THB 423.5 Mn in 2017 to THB