production of 7.72 million Cu.M.), decreased by 7.81 million Cu.M., or 12.59% due to the declining in raw water sales volume of the household customers. The average raw water tariff stayed at 10.93 Baht per

last year and also in fixed costs related to production maintenance cost increased due to the earlier than expected improvement projects on the kilns. However, maintenance has normalized and the average

decreasing in sales revenues of scrap production. Costs and Expenses of Sale and Administration Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2019 2018 Amount

from the rising in global steel price which was the raw materials of the Company’s products. However, the Company has procedures in managing cost by efficiently planning flat production, continue

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2019, East Water Group had total consolidated sales and services income of 1,164.83 million Baht, increased by 119.44 million Baht or 11.43% compared to

production. Moreover, our main customer also lowered their production plan for the Combined Harvester which inline to a decline in sales of our screw flight and also lessen production of tractor in small model

profit margin of the Company was derived from the adjustment in production plan to reflect the slowdown in sales revenue during the first half which resulted in stable production cost including

of 2017 9.65 million or increase 137.86% Revenue from Refining services are divided into 2 groups of customer base; - Refining Service for semi-product for use in biodiesel production. In 1st quarter

104.79 1.35 1.3% Total expenses 3,066.16 2,946.38 119.78 4.1% Earning before interest and tax 341.41 279.67 61.74 22.1% Finance cost -4.83 -8.02 3.19 -39.8% Share of profit from investment in associate

to reduce the rental burden and able to run the business continuously. Specifically, the factory has been in production here for over 30 years, with low-cost and well-equipped factory management