3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

Company and its subsidiaries immediately recorded commission as selling expenses when the transaction occurred. 2) In case of free transfer fee and common area fee (if any) are considered payable to

value in AUD currency increased. In contrast, the Company recorded loss on exchange rate of Baht 344.10 million in the 1st quarter of 2018 due to the depreciation of AUD currency in relative to USD

from raw materials prices and selling expenses decreased 1.08 million Baht or 4.22%, i.e. the export expenses increased due to the merger of transport companies. Administrative expenses decreased 4.27

times 4.81 4.82 4.70 Average collection period days 75 75 77 Inventory turnover times 4.42 4.78 4.90 Average inventory turnover odperi days 81 75 74 Account payable turnover times 5.66 5.69 5.49 Average

novating M&E accounts payable to long term loan from financial institutions totaling of Baht 13,619 Million which is the same amount that the Company has the obligation. This novation has no effect to the

. This was mainly due to the aforementioned consolidation and cost of LED screens. As operating revenue increased more than cost of sale, Gross profit margin grew to 62.4% from 53.2% in the same period

loans from 2 financial institutions, in the amount of THB 230 million, detailed as follows: (Enclosure 4) 2 1. The Siam Commercial Bank Public Company Limited, in the total amount of THB 150 million, due

increased by 18.40 million Baht or 2.70%, mainly came from raw materials prices and selling expenses increased 3.65 million Baht or 16.56%, i.e. the export expenses increased due to the merger of transport

Current assets have increased largely due to additional inventory predominantly fuel. Non-current assets have decreased in line with depreciation with no major investments planned in 2019 other than