% 2017 2016 Amount % Revenue from sale – net 311.03 307.18 3.85 1.25 306.79 304.31 2.49 0.82 Gain from exchange rate 0.14 0.50 -0.36 -71.54 0.13 0.51 -0.38 -74.61 Other income 6.42 0.66 5.77 877.78 6.22

, the Company can manage effectively of product merchandising for high margin items. The Company also gain reliability from ZIGA and DAIWA brand for their standard and recognition. ZIGA and DAIWA has

expenses (9.16) (9.48) (0.32) 3.55% (20.45) (17.26) 3.19 -15.59% Share of gain of investments in associate 0.04 2.86 2.82 7803.29% 0.07 2.89 2.82 4130.50% Finance costs (0.08) (0.07) 0.01 -11.94% (0.16

% Administrative expenses (9.68) (8.59) 1.09 -11.28% (30.12) (25.84) 4.28 -14.21% Profit from operating activities 26.79 11.03 (15.76) -58.83% 85.23 48.96 (36.27) -42.56% Share of gain(loss) on investments in

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

146.47% Profit before income tax expenses 42.67 111.79 (69.11) -61.83% Income tax expenses (revenues) 1.27 0.58 0.69 119.50% Profit for the year 41.40 111.21 (69.81) -62.77% Unrealised gain on revaluation

Company’s net profit decreased by 67.76% or equal to Baht 13.91 million as compared to the same quarter of 2018 which was recorded at Baht 43.14 million. For 1H19, the Company recorded the net profit of Baht

revenue from sales was mainly due to an increase in sales volume of Seasoning and Dipping Sauce. Total revenue from sales in 1H18 was recorded at Baht 531.63 million which resulted in an increase of Baht

project management 195.2 4.7 280.0 8.4 84.8 43.4 Dividend income - - 0.3 - 0.3 100.0 Gain from transfer of right for land purchase and sale agreement 312.0 7.5 - - (312.0) (100.0) Gain on disposals of

66.55 Gain on sales of investment in subsidiary 174,875 - 174,875 100.00 Reversal (loss) of doubtful account 10,364 14,239 (3,875) (27.21) Interest income 804 4,702 (3,898) (82.90) Other Income 5,048