and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per unit and also improvement of feedstock procurement process including sourcing new types of

came from project that postponed procurement process from previous years. The Company had delivered 7 large-scale projects with their value were more than 100 MB, resulting in total revenue from those

year 2018, resulting in a gross Ocean Commerce Public Company Limited 148/1 Soi Ramintha 14, Ramintra Road , Tharang, Sub - District Bangkok 10230 Tel: 02-943-6663-4 Fax: 02-943-6343 02-943-7740 Million

follow: Note: The Company has adjusted the sales’ expenses to deduct and show the net amount in sales revenue resulting in a decrease in sales revenue and gross profit. As the for distribution cost, the

following reasons: 1. Revenue from sales and services of the Company increased from 84.85 million baht to 87.08 million baht, amounting to 2.23 million baht or 2.63 percent, resulting from the company has a

project volume resulting in a price competition and the cost of raw materials used in production is higher than the year 2018. 4. Cost from the water management business for quarter 1/2019 representing

increasing was attributed to higher domestic sales. Moreover, the Company generated higher export volume, but the Company recognized increased slightly sales revenue from overseas sales resulting from Thai

period of the prior year. Gross profit for Q1 2019 was Baht 640.19 million, improved by Baht 51.48 million or 8.74% from the same period of last year, resulting in gross profit margin of 8.56%, compared

to: • Decrease in financial cost of THB 17 Million consequent to debt reduction programme. • Net gain from exchange rate of THB 71 Million resulting from the strengthen in Thai Baht, whilst last year

purpose of project completion within the timeline and resulting in highest possible benefit to the Company. 5.3 Size of transaction : It is considered as the Transaction Category 4 - Assets or Services