causing exports to reduce from the previous year. The sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption remained stable. Although the

Baht 142.40 million or increased 20%, from Baht 707.22 million in the first half of 2017 to Baht 849.62 million compared with the same period of 2018. The main reasons for the increase were derived from

Expenses 173.84 168.24 3 Reversal of allowance for doubtful account 16.10 7.38 118 Reversal of allowance for diminution in 2.19 0.63 248 value of inventories Profit (loss) from operating activities 169.16

expenses (32,336) 2.84% (30,791) 4.05% (1,545) 5.02% Administrative expenses (356,481) 31.28% (316,722) 41.65% (39,759) 12.55% Other expenses - 0.00% (12,702) 1.67% 12,702 100.00% Gain from bargain purchase

in the gross profit margin that expanded from 15.3% in the third quarter of 2018 to 16.4% in the third quarter of 2019 and more efficient cost management that caused selling and administrative expense

from sales was -0.7% driven by 30.4% decline in OEM sales, particularly from OEM bottles as a result of major maintenance of a furnace in Ayutthaya early this year. Domestic Beverage including C-Vitt

NYSE US37733W1053 37733W105 HSBC Holdings PLC HBC NYSE US4042804066 404280406 HBOS PLC HBOOY OTC US42205M1062 42205M106 Home Depot Inc. HD NYSE US4370761029 437076102 Hitachi Ltd. HIT New York

Company had not planned for development in the short-term. Gross margin derived from real estate business was higher than the previous year for an amount of THB 383.27 million. Its gross margin for this

decreased from the same period last year more than 20% as follows: 1. Operating Results Q2 Q2 Change 6 months 6 months Change Unit : Million baht 2016 2017 Amount % 2016 2017 Amount % Revenue from sales

follows: Particulars Year 2015 Year 2014 increase (decrease) Million Baht % Million Baht % Million Baht % Revenue Revenue from immovable property sales 919.19 98.12% 509.24 94.7% 409.95 80.50% Other income