or 61.70% in 2016. - Selling expenses in 2017 amounted 571.75 million baht increased by 34.72 million baht or 6.47% compared to selling expenses in 2016 amounted 537.03 million baht due to the

or up by 4.11% and net profit of 1,248.47 million Baht, an increase of 202.25 million Baht or up by 19.33%. This was the result of our ability to control and manage expenses effectively, together with

declining of revenue which because of the high market competitive in the competitor and pricing and also the slowdown of the turnkey project’s customer. Selling Expenses, Administrative Expenses and Other

logistics. Selling Expenses Selling expenses increased from THB 68.0 Mn in 9M17 to THB 81.4 Mn in 9M18, an increase of THB 13.4 Mn or 19.7%. The main factor for the increase was increased marketing expenses

years ended December 31, 2018 2017 REVENUES 5,027.05 6,357.19 Revenue from sales and services 4,543.70 6,025.78 Revenue from sales electricity 330.85 143.28 Other income 152.50 188.13 EXPENSES (5,056.20

121.00 5.04 4.17 Selling Expenses 14.79 11.81 12.85 11.81 1.04 8.81 Administrative Expenses 17.28 15.40 15.01 15.40 (0.39) (2.53) Financial costs 0.21 0.02 0.21 0.02 0.19 950.00 Total Expenses 162.73

sales and service, Administrative expenses (Unit: Million Baht) For the year Movement 2018 2017 Increase (decrease) % Cost of sales and service 670.71 491.21 179.50 36 Administrative expenses 60.27 52.20

| Padaeng Industry Public Company Limited and its subsidiaries For the years ended December 31, Continuing operations Discontinued operation Total 2019 2018 2019 2018 2019 2018 EXPENSES (549.15) (445.02

efficiency, thereby lowered expenses significantly. However, during the year Krungthai ZMICO recorded a share of loss and an impairment loss from its associates. Consequently, the net operating result for the

3.72 28.95 Administrative Expenses 26.12 17.28 17.22 15.01 2.21 14.72 Financial costs 0.54 0.21 0.43 0.21 0.22 104.76 Total Expenses 185.71 162.73 165.02 154.11 10.91 7.08 Profit before share loss from