part of the 3E project (Efficiency, Energy, and Environmental Project), lowering the cost of producing electricity and steam 9 | Management Discussion and Analysis of Business Operation for the year 2017

1.2 Selling and distribution expenses 51,050 54,117 46,326 47,912 (3,067) (5.7) Administrative expenses 91,819 83,683 64,734 64,315 8,136 9.7 Total selling and administrative expenses 142,869 137,800

from last year at 12.55% as the company implemented better production cost control for new products that could cause an improvement in production efficiency and could reduce loss in many as aspects. 3

-term employment benefits of 400 days scheme at 6.20 million Baht and the production capacity is not full efficiency, as resulted decrease in gross profit margin from 7.65 percent for the year of 2018 to

the asset yield percentage (3.51), the company can not use the efficiency of its assets. To achieve the target revenue.  Financial ratio analysis. From debt to equity ratio of 0.56 times, there is no

cost. 3) Selling and Administration Expenses Selling and administration expenses decreased by Baht 11.4 million, or 6.5% from Q2/2016, as a result of improved efficiency in cost and expenses control. 4

/share. Gross Profit Margin decreased from 20.30% to 16.61%. The efficiency of using the total assets to profit from the turnover of total assets in this quarter was equal to the second quarter of 2016 at

. ROA decreased from 6.99% to 4.88% and ROE decreased from 8.93% to 6.29% and EPS decreased from 4.50 Baht/share to 3.20 Baht/share. Gross Profit Margin decreased from 20.76% to 16.21%. The efficiency of

buyer to purchase shares of Myanmar SPA-Today-Far East Company Limited and because of the restructuring of the Company’s operations to achieve more flexibility and efficiency. As a result that Myanmar SPA

% and ROE decreased from 1.31% to -1.07% and EPS decreased from 0.63 Baht/share to -0.50 Baht/share. The efficiency of using the total assets to profit from the turnover of total assets in this quarter