0.31 0.55 0.47 (0.13) (19.12) Others/1 11.34 5.12 24.38 20.68 13.03 114.9 Total cost of sales 221.68 100.00 117.82 100.00 (103.87) (46.86) Proportion of cost of sales to sales revenue (%) 30.22 30.65

. In terms of proportion to total revenues, operating and administrative expenses represented 42% of total revenues. Considering the Company’s separate financial statement, the operating and

EBITDA increase did not translate fully into net result in the same proportion. Still, the net income was higher for the quarter as the full impact of Saraburi Quicklime was felt and this trend is set to

) Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant costs in the Associates or Joint Ventures. Projects under Construction

investment in CKP from investment in associated company to investment in available-for-sale securities, which consistent with the investment proportion and the purpose of the Company investment. The Company

volume of the Group. For the income proportion separating by business structure consisted of Aviation refueling services at 80% and Fuel pipeline transportation services at 20% respectively. 1.1.2 Others

proportion. Still, the net income was higher for the quarter by 30% versus 2017. Golden Lime Public Company Limited 6 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2018 3.2. Assets

/2018. Gross margin of sales in Q3/2018 accounted to 12% and proportion of revenues beauty service business per total revenues was 10%. 3. Key Highlights for performance for the Q3/2018 and Nine-Month

Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop Narongdej (2) Golden Tiger Associates

) Proportion of cost of sales to sales revenue (%) 32.48 32.37 Gross Profit Margin (%) 67.52 67.63 Note: /1 Other costs of goods sold mainly comprise warehouse rentals, utility charges and other expenses related