countries. The Company’s gross profit demonstrated at 33.8% to sale value, declined from same quarter last year reported at 37.2% due to the increase in energy prices and Thai Baht appreciation against US

Baht 83 million or (22%) from Baht 383 million in Q3/2018 to Baht 466 million in Q3/2019. The increase was derived from all business units: engineering service, management service, solar energy, and

economic slowdown, including the decrease in the demand for leather in the world market. Customers delay orders. 1.2 The company had revenue from the energy business group, which was generated from

and Administrative Expenses 244.45 197.78 +23.60 Financial Cost 30.80 34.60 -11.00 Net Profit 189.79 287.27 -33.93 (Unit : Million Baht) Financial statements in which equity method is applied 2017 2016

) Financial Cost 7 7 - Net Profit 23 45 (49) (Unit : Million Baht) Financial statements in which equity method is applied Q1/2018 Q1/2017 % Change Sales and Service Income 467 461 1 Cost of sales and Services

to favorable energy prices. Total expenses were Baht 404.4 million, decreased by 5.2% through budget controlled measurement. However, due to the increment of temporary shutdown expenses and loss from

include energy drinks, sport drinks, ready-to-drink coffee and functional drinks. While energy drinks market continued its growth momentum of 5.3% in Q1’19 vs. 4.2% growth in Q4’18, the Company using multi

/Companies HPC Hongsa Power Company Limited, an indirect joint venture in proportion of 40 percent NRER Nexif Ratch Energy Rayong Company Limited, an indirect joint venture wholly-owned by NERS NRES NEXIF

%. A decrease in the peak demand was mainly influenced by the lower temperature than previous year and the success of implementing energy saving programs, which had pushed down the power consumption

addition, the dog chews business has been affected by competition in price and substitution of other raw materials. 1.2 The company’s income from energy business for the year2018 in the amount of Baht