148.57 20.29 Interest on margin loans 80.53 3.27 80.53 3.27 Gain and return on financial instruments 250.83 21.98 250.83 21.98 Shares of loss from investments in an associate and a joint venture (22.25

million baht in 2017 due to the increase in revenue from juristic management and condominium project management. - Gain on change in fair value of investment properties in 2018 amounted 38.49 million baht

23.63% or Baht 6,863.03 million from the same period of the prior year. Construction revenue decreased because Xayaburi Hydroelectric Power Project is now close to project completion. Cost of construction

%, while domestic sales decreased by 19.7%. Baht 1.0 million revenue came from other activities, transportation, sales of scraps, and obsolete equipment. Gross profit margin increased from 33.1% to 35.2% due

and separately presented under share of gain (loss) from investment in joint venture. Hotel business recorded a revenue growth of 9% YoY due to stronger performance of Phi Phi Village after completion

) mainly due to the increase in revenue from sale of electricity following greater irradiation and an increase in other income following unrealized gain from foreign exchange not related to business

) mainly due to the increase in unrealized gain from foreign exchange following exchange rate fluctuations, and the increase in revenue from sale of electricity following greater irradiation. - Sales income

310.4 26.0 767.1 582.3 31.7 Total revenue from sales 495.6 428.2 15.8 1,008.5 820,8 22.9 Foreign exchange gain (loss) 2.3 2.7 (16.2) 3.3 7.5 (56.6) Other income 1.2 0.8 47.6 2.6 1.4 88.7 Total revenues

378.4 (6.7) Export sales 376.5 421.8 (10.8) 1,143.6 1,004.2 13.9 Total revenue from sales 488.0 561.7 (13.1) 1,496.5 1,382.6 8.2 Foreign exchange gain (loss) 2.0 0.5 321.1 5.3 8.0 (34.1) Other income 6.9

and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 2 2. Operation performance according to consolidated financial statement Unit : Million Baht 2018 2017 Revenue from sale and rendering of