advanced technologies from overseas can generate high returns for investors on a daily basis and even higher gains if the existing investors successfully solicit others to join the investment scheme

% 182.44 153.19 19% Earnings before interest, taxes and depreciation 102.79 92.44 11% 405.48 362.47 12% % Earnings before interest, taxes and depreciation 26% 25% 1% 25% 25% 0% Other income /(expenses) 5.09

expenses incurred from the subsidiary’s share acquisition ie. loan , advisory and lawyer fees for an aggregated amount of THB 2.3 million. Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA

, administrative expenses would increase by only 2% yoy . Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA (not included other income, provision for employee benefit and underpaid Adj RW income

% -2% 31% 30% 1% Administrative expenses 41.56 39.07 6% 140.90 112.68 25% Earnings before interest, taxes and depreciation 116.15 114.01 2% 302.68 270.02 12% % Earnings before interest, taxes and

estate which the company is to invest and to develop real estate projects of the company of which the company will generate returns more than investing in long-term infrastructure development. Such

margin 28% 28% 0% 31% 28% 3% Administrative expenses 51.50 38.13 35% 99.34 73.61 35% Earnings before interest, taxes and depreciation 80.87 80.09 1% 186.53 156.01 20% % Earnings before interest, taxes and

as welding wire for galvanized steel and galvanized paint. The aim is to build strong growth and sustainable returns by practicing good governance along with developing the society, community, and

products such as welding wire for galvanized steel and galvanized paint. The aim is to build strong growth and sustainable returns by practicing good governance along with developing the society, community

position to invest in accretive opportunities that will increase EBITDA and enhance future returns. Table 3: Pipeline of Ongoing Projects 2018-2019 Project Business Year First full year earnings impact from