her by Mr. Woraphant Chontong, her father, who was a director, executive director and senior executive vice president of financial and administration division of Sino-Thai Engineering and Construction

Osotspa Public Company Limited Q1’19 Management Discussion & Analysis 14 May 2019 Q1’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q1’19 Net profit* was at THB 888 million

profit 37.66 20.62 (17.04) -45.24% 120.73 77.04 (43.69) -36.19% Other income 0.06 0.31 0.24 370.85% 0.21 1.60 1.38 655.19% Services expenses (1.25) (1.31) (0.06) 4.62% (5.59) (3.84) 1.75 -31.38

improvement of customer services were well implemented. The Company’s gross profit in the first quarter of 2018 was Baht 163.66 million, increased from Baht 139.31 million in the first of quarter of 2017 or

that of Baht 29.48 million in the third quarter of the year 2016. 3. Operating Profit The operating profit of the Company and its subsidiary for the third quarter of the year 2017 was Baht 0.88 million

3,419 771 23% Cost of Sales and Service -3,537 -2,766 771 28% -3,170 -2,618 552 21% Gross Profit 1,194 947 247 26% 1,020 801 219 27% Other Income 65 26 39 153% 92 53 39 72% Selling Expense -328 -297 31 11

0.64 million Baht, mainly from profit from selling the rental asset. They were decreased by 2.05% Cost and Expenses Cost of goods sold was at 1,158.11 million Baht increased by 16.4%. Selling and admin

. Operating Profit The operating profit of the Company and its subsidiary for the year 2017 was Baht 10.09 million, decreasing by Baht 13.26 million or 56.79% when compared to that of Baht 23.35 million in the

which increased from 94.50% in year 2017, and the gross margin decreased from 5.50% in 2017 to 4.74% in 2018. The decreased of gross profit margin was mainly due to differences in product mix and the

at the same level as last year and finance cost decreased from last year 13.49% The Company had net profit for the period Baht 14.51 million decreased in compared to last year which achieved Baht 32.89