Company have neither ability to manage finished goods (HRC) nor trade negotiation. Due to the Company had no choice but necessary to sell them just for generating income circulating used in the business

businesses of FVC. This is expected to generate income and profit to the Company, then, makes the Company gain much more improved financial position and operating performance that leads to value-added

core businesses of FVC. This is expected to generate income and profit to the Company, then, makes the Company gain much more improved financial position and operating performance that leads to value

million or decrease by 56.07% , the main reasons are as follow : 1. Revenue from sale , Other income The company had revenue from sale for year 2017 of Baht 350.59 million, compare with previous year amount

and subsidiaries thus reported Baht 90,484 million in operating profit before provision expense and income tax expense, rising Baht 935 million, or 1.05 percent, over-year. The increase was derived from

scrap materials and tax cards income. 4. Profit from foreign exchanges increased by 77.69 million baht (from 27.75 million baht in 2016 to 105.44 million baht in 2017) due to forward foreign currency

Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A of 4th quarter of 2017 as of 31 December 2017 as follows: QoQ % YoY % THB'm % Income 216.43 213.57

baht which increase 281.83 million baht or 25%. Due to increasing of project operation. 2. Other Income as 8.42 million baht by compared with the 10.97 million bath was decrease 2.55 million baht or (23

rate (4.3) (0.3 %) (6.8) (0.5 %) (36.5 %) Net Profit before Tax 208.9 13.7 % 291.9 22.3 % (28.5 %) Corporate Income Tax (66.7) (4.4 %) (57.5) (4.4 %) 16.0 % Net Profit 142.2 9.3 % 234.4 17.9 % (39.4

(12.16) (9.99) (13.27) (12.99) (1.11) (8.39) Financial cost (0.12) (0.10) (0.21) (0.21) (0.10) (44.96) Profit (loss) before income tax expenses (7.64) (6.27) (13.36) (13.08) (5.73) (42.86) Income tax