July 2018 with a gain from business combination of Baht 276 million which should be amortised by Baht 12 million per annum along the PPA life. BGRIM started to consolidate BGYSP’s financial statement in

-50% 273 637 -57% EBITDA Margin (%) 1.4% 7.8% -6.4% 2.7% -1.3% 3.0% 5.1% -2.1% Stock Gain/(Loss) & NRV 13 -57 -123% -58 -122% -119 -439 -73% Adjusted EBITDA(1) 31 346 -91% 146 -79% 392 1,076 -64

nine-month period ended 30 September, 2016 2017 2018 2018 2019 Amount (Baht) Amount (Baht) Amount (Baht) Amount (Baht) Amount (Baht) (in millions) Gain on credit for purchase of receivables1 1,232.3

profit in accounting from the disposal of assets that will help developing the conditions of the consolidated financial statements. In addition, the Company will gain income as the increase of cash flow of

to a subsidiary focused on transportation of crude palm oil for the company 5. Revenues from sale of porcelain insulators and component Year 2014 and year 2013 company and sales materials, insulators

have ended Therefore, the revenue from logistics management decreased 4. Revenue from cross-border land transportation services for the year ending December 31,2019 and December 31,2018 was 478.74

318.17 million or up by 7.91% over the same period last year. Despite the higher cost of transportation due to increasing fuel prices, gross profit margin as a percentage of sales has increased from 26.05

160.69 million or up by 4.85% as compared with the previous year. The amount increases were mainly driven by the rise in personnel expenses, cost of transportation, cost of services to customers, marketing

, cost of transportation, rental expenses, maintenance expenses, and marketing expenses. In addition, SG&A as a percentage of sales has marginally increased from 22.84% in previous year to 23.07%. 4

company has tried to expand its market and increase sale of flexible packaging and cost of goods transportation increased. 4. Administrative expenses In Q3/2018, the administration expenses was Baht 13.31