Baht 84 million, mainly resulted from operating profit and (2) cash outflows from net change in working capital of Baht 60 million mainly due to higher inventories, trade receivables, and other

shareholders was 1,741 million Baht. Page 17 5. Financial Ratios Profitability Ratios Quarter 2 Change Increase/(Decrease) 2017 2016 Gross Profit Ratio (%) 38.80 40.25 (1.45) Operating Profit Ratio before FX

% from Baht 1,322 million to Baht 1,479 million for the six months ended June 30, 2017.  NNP margin maintained at 9.5% for the six months ended June 30, 2017, primarily due to maintaining of our operating

decline could be attributed to an increase of Baht 1,493 million or 16.36 percent in our impairment loss on loans and debt securities to cope with economic uncertainties. Operating profit before provision

ratio (Time) 3.39 2.04 1.35 Average collection period 80 81 (1) Days of inventory 217 226 (9) Profitability ratio Gross profit margin (%) 26.34% 28.59% (2.25%) Operating profit margin (%) 6.14% 4.37% 1.77

) Quick ratio (Time) 1.06 3.39 (2.33) Average collection period 85 80 (5) Days of inventory 206 217 (11) Profitability ratio Gross profit margin (%) 19.07% 26.34% (7.27%) Operating profit margin (%) 0.12

7.4% and 11.3%, respectively, decreasing by 4% due a drop in net operating profit resulting from realization of ICUK’s financial performance with ownership increased to 84.3%( since January 2018) from

million Baht. Page 17 5. Financial Ratios Profitability Ratios Quarter 2 Change Increase/(Decrease) 2018 2017 Gross Profit Ratio (%) 35.88 38.80 (2.92) Operating Profit Ratio before FX (%) 31.68 32.89 (1.21

-55.3% 142.4 105.3 -37.0 -26.0% Selling and distribution expenses 235.8 114.3 -121.5 -51.5% 458.2 315.4 -142.8 -31.2% Administrative expenses 321.0 369.4 48.4 15.1% 662.9 805.0 142.1 21.4% Operating

-9.6% Administrative expenses 341.9 12.5% 435.6 16.3% 93.7 27.4% Total Expenses 564.3 20.6% 636.7 23.9% 72.4 12.8% Operating Profit 344.5 12.6% 352.6 13.2% 8.0 2.3% Finance Cost 120.1 4.4% 150.3 5.6