goods sold The Company had total sales volumes and total production volumes were higher than last year mainly due to increased capacity according to Tolling agreement with G Steel during off peak power

for the year 2018 and a profit of THB 990 million for last year. The main results caused from: • Revenue from sales and cost of goods sold The Company had total sales volumes and total production

the short term investment fund. 2. Cost of goods sold and expenses : Consolidated Unit: Million Baht Information of the 3rd Quarter 3 months Change 2017 2016 Amount % Cost of goods sold 239.22 217.53

Operating EBITDA of THB 50 Million during the current Quarter compared to THB 41 Million Last Year Quarter. The Company has recorded a net loss of THB 433 Million for the Quarter against a net loss of THB 311

Profitability Consolidated (Unit: Million Baht) Q4/2018 Q4/2017 %YoY 2018 2017 %YoY Sales 1,456 1,531 -5% 5,349 5,916 -10% Cost of Goods Sold 1,189 1,129 +5% 4,165 4,216 -1% Gross Profit 267 402 -34% 1,184 1,700

recognize CMG revenues when goods are ready for transfer to customers and not when it has been transferred. This impacted the Company and its subsidiaries’ financial statement on total sales and net profit

slowdown in domestic consumption which reflected in sluggish spending in fast moving consumer goods (FMCG). Proportion of each market segment and growth is as shown in figure 2 (Source: Nielsen). Figure 2

2019 (1st quarter of 2019) as follows: Q1/18 Q4/18 Q1/19 QoQ % YoY % Net Revenue 206.12 244.4 194.28 -50.12 -20.51 -11.84 -5.74 Cost of Goods Sold 180.77 200.32 163.05 -37.27 -18.61 -17.72 -9.80 Gross

revenues when goods are ready for transfer to customers and not when it has been transferred. This impacted the Company and its subsidiaries’ financial statement on total sales and net profit either

CMG revenues when goods are ready for transfer to customers and not when it has been transferred. This impacted the Company and its subsidiaries’ financial statement on total sales and net profit either