Research and Development) million baht 8,180 7,378 6,976 Operating expenses (including Research and Development) to sales (%) 16.00% 13.90% 14.17% Operating profit margin (%) 4.48% 8.94% 11.32% Other income

for the year ended December 31, 2018 as follows; Summarized of the Statement of income Unit : million Baht Year 2018 Year 2017 Changed (%) Income from sale and installation of the pipeline 1,002.45

% 76.82 15.97% 38.10 49.59 Other income 10.29 1.59% 2.06 0.43% 8.23 400.34 Expenses of sales 6.89 1.07% 8.06 1.68% -1.17 -14.46 Expenses of management 62.69 9.70% 55.23 11.48% 7.46 13.50 Expenses of

of previous year which a net loss of Baht 14.65 million, the loss decrease Baht 8.37 million or decrease by 57.14% , the main reasons are as follow 1. Revenue from sale , Other income The company had

. customers abroad. 8.01 6.66 1.35 20.27 Total revenue from sales 144.72 176.54 (31.82) (18.02) Services Income - 0.09 (0.09) (100.00) Less Returns in / Discount. 11.31 4.05 (7.26) (179.26) Total Incomes from

from sales 233.17 256.96 (23.79) (9.26) Services Income 0.06 0.09 (0.03) (33.33) Less Returns in / Discount. 15.04 5.38 9.66 179.70 Total Incomes from sales and services net. 218.19 251.67 (33.48) (13.30

as highlighted below ; (Unit : Million Baht) Separate financial statements 2017 2016 % Change Sales and Service Income 1,979.16 1,986.34 -0.36 Cost of sales and Services 1,525.25 1,449.23 +5.25 Selling

- - Total revenue from sales & service 770.1 686.0 12.3% 771.8 -0.2% Cost of sales 349.1 322.2 8.3% 355.1 -1.7% Gross profit 421.0 363.8 15.7% 416.7 1.0% % 54.7% 53.0% 54.0% Other Income 4.3 3.6 21.2% 3.5

domestic sales 24.2% and export sales 75.8%. Gross profit was down from 33.6% to 25.8% due to low margin sale to B2B coupled with the increase in raw material and energy costs. Total expense was Baht 504.6

) 1.43 (3.67) (256.64) Financial costs (0.05) (0.14) 0.00 (0.14) 0.14 (100.00) Profit before income tax (3.96) 1.48 (2.24) 1.29 (3.53) (273.64) Income tax 0.11 0.22 0.10 0.22 (0.12) (54.55) Profit the