) (257.6) (22.9%) Share of Profit from Investments in Associates and Joint Ventures 246.8 685.9 (64.0%) 906.1 936.7 (3.3%) Income Tax (Expense) Income (19.8) (4.8) 311.9% (26.6) 13.1 (303.7%) Profit

differences on translation 0.03 0.04 -5.98% (0.50) 0.18 -383.97% (92.37) (91.12) 1.36% (570.13) (160.91) 254.33% (91.10) (69.47) 31.13% (558.09) (130.49) 327.68% Gross Profit Margin -13.76% 6.02% -19.79% -32.90

% 1.43 2.6% SG&A 23.15 17.6% 20.92 15.8% (2.23) (9.6%) EBIT 33.30 25.3% 38.21 28.8% 4.92 14.8% Share of Loss in Associates - 0.40 0.3% 0.40 Interest Expenses 0.14 0.1% 0.14 0.1% (0.01) (4.9%) EBT 33.16

mainly due to the increased in cost of sales and services of many large-scale projects which their gross margin were low due to a high market competition. In addition, In Q2–2019, there was an additional

because in Q2-2018, the gross margin on sale and service project was slightly increased. In addition, the selling expenses decreased, resulting the profit in Q2–2018 was a higher than those in Q1–2018

% Gross profit 86.16 82.23 3.93 5% Gross profit margin 29% 28% SG&A 58.00 52.09 5.91 11% EBITDA 57.50 60.28 -2.78 -5% EBITDA margin 19% 20% Depreciation and amortization 28.53 29.44 -0.91 -3% EBIT 28.97

2019 in order to enhance corporate efficiency and growth resulting in favourable operating results by achieving 12% gross profit margin in Q1-2020. UWC determined to continuously improve its strategic

was due to the decreases in the average cost of sales per unit. - Translation - 3 Net Profit In 2019, the Company’s net profit was THB 109. 85 million amounting to the net profit margin of 1.93 percent

quarter of 2020 were Baht 177 million, a decrease of 17 percent compared to the third quarter of the previous year, mainly due to a decrease in the market share of the Company. 1.2 Fee and Service income

tons) 188 188 HRC Production Volume (k tons) 188 190 HRC Average Selling Price (Bht./ton) 17,403 17,469 H R C HRC Cash Margin (Bht./Ton) 1,033 3,647 Unit: million Baht 2 nd Quarter 2017 Year-end 2016