investment in an associate and joint ventures (75.2) (7.7%) (111.1) (9.7%) (35.9) 47.8% Finance costs (Interest expenses) 113.2 11.6% 100.7 8.8% (12.5) (11.0%) Profit (loss) before income taxes (33.2) (3.4

168.68 105.06 Other income 1.13 0.42 0.71 169.05 Cost of service 241.86 118.75 123.11 103.67 Expenses of sales 9.87 9.34 0.53 5.67 Expenses of management 43.92 21.66 22.26 102.77 Expenses of financial 0.08

costs for 2017 equal to 561.1 million baht more than 2016 at 25.5%. This was due to an increasing of rental cost, utilities expenses and services cost, food and beverage cost of goods sold 12.9 million

% 5.6 0.8% 4.8 600.0%   JAS Asset Management Discussion and Analysis for FS2017 Page2/4 2016 2017 Change MB % MB % MB % Profit before Expenses 106.0 18.9% 184.3 24.7% 78.3 73.9% Selling Expenses 43.5 7.7

to maintain profitability through effective marketing to boost sales, while increasing efficiency in the management of raw material costs and other expenses. Nonetheless, from the aforementioned

income 3,909 4,306 -9% 22,576 14,204 59% Selling expenses (86,415) (113,572) -24% (274,788) (333,546) -18% Administrative expenses (74,417) (95,668) -22% (246,205) (259,631) -5% Finance costs (36,872

% Finance cost 35.09 41.36 6.27 17.87% Income tax expenses 37.04 42.24 5.20 14.04% Net profit 139.02 150.12 11.10 7.98% Net profit ratio (ROS) 19.92% 17.25% Earnings per share (Baht) 0.26 0.28 0.02 6.92

the price of raw material which was the main cost of sales of the Group. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses at each

11.6mn, which grew by THB 11.9mn. The increase was chiefly from a reclassification of costs for 33 Gracechurch Street office building. 3) Selling and servicing expenses of THB 151.3mn, which grew by THB

mostly fixed costs and had the amount close to the manufacturing expenses for the same period of the prior year. Enterprise solution business The Company had gross profit for the second quarter of 2019