gross profit margin of raw water business dropped to 56.10%. Industrial Estate 50% Household Customer 22% Private Industrial Park 14% Factories 5% Internal Usage 9% Industrial Estate 49% Household

from the acquisition of LQSF in Vietnam as well as consulting fees from other investment projects; 2) lower sales contribution of export pressuring net profit margin; 3) higher depreciation resulted from

lower than the decreased rate in revenue, since the rest of equipment for lease project had a quite low gross profit margin and a higher equipment maintenance expense. Summary of Operation for Q4-2018

) 2.52 (217.44) (8,628.57) Gross Profit Margin -2,924.27% 37.99% Earnings before interest and taxes -4,966.99% 10.62% Earnings before taxes -6,936.25% 2.07% Net Profit Margin -6,955.34% 0.57% 1.2 Report

-355.1 -5.0% Gross Profit 707.7 1,026.1 -318.4 -31.0% Gross Profit Margin (%) 9.5% 12.6% -3.1% SG&A expenses 459.9 440.4 19.5 4.4% Loss on exchange rate 0.0 35.4 -35.4 -100.0% EBIT before share of profit

received from current investment. 2. Cost of sale , Profit margin In Q2/2017 the company had cost of sale Baht 82.97 million compare with the same period of previous year amount to Baht 68.01 million

64.53 134.72 208.77% Gross profit 22.984 47.015 -24.03 -51.11% Gross profit margin (%) 10.34% 42.15% -31.81% 3. Gross profit For the three-month period of 2016, gross profit decreased by Baht 24.03

payment during the year. Financial Ratio Analysis Profitability Ratio Unit Jan – Dec 2017 Jan – Dec 2016 Gross Profit Margin (%) 34.43 39.10 Operating Profit Margin (%) 4.13 6.36 Net Profit Margin (%) 3.05

repayment priciple loan during the period. 6. Profitability On 2018, the Group’s gross profit total amount of 145.99 Million Baht, or gross profit margin of 10.52% slightly increased from 2017 which was 9.98

period of last year. The increase was mainly driven by positive same store sales growth (SSSG). In addition, the gross profit margin grew consistently, due to more efficient management of the product mix