2018, the Company had gain on exchange rate of THB 18.58 million. Cost of Sales and Gross Profit The Company’s cost of sales is mainly consisted of raw material cost which is equal to approximately 85

98.79 85.40 15.68 Net Profit Margin 63.18% 57.38% Selling Administrative Expenses 43.86 44.91 - 2.34 Selling Administrative Expenses Margin 44.40% 52.59% Net Profit for the Period 13.87 1.65 740.61 Net

million. Meanwhile, the Investment business recorded revenue, when including comprehensive gain, had total gain of Baht 114 million. The consolidated net profit for 1Q19 totaled Baht 1,228 million, a

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2019 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2019 Year 2018 Year 2017 1

% 10.2% 12.2% % NNP - Owner of the parent 59.1% 63.1% 61.7% 64.2% Remark: * Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-recurring income / (expense) B.GRIMM POWER PUBLIC

help the company gain more profit estimated 0.6% but the proportion of gross profit is lower than mobile top-up mobile transaction. As well as, depreciation cost estimated 1% that was in line with the

% from 2017) the core net profit of THB 330 million in 2018 (an increase of 419.5% yoy). Those extraordinary items included net gain on sales of Dusit Princess Korat Hotel of THB 203 million in 4Q17, while

million Baht y-on-y Other revenues 127 75 -41.2% Share of profit (loss) of associates 153 173 13.3% Gain (Loss) on exchange rate 135 (28) -120.4% Other Revenues  Other revenues decreased 41.2% year-on-year

and services income, net 1,275,577 1,130,742 144,835 12.8 Gain on financial liabilities designated at fair value through profit or loss, net 459,381 0 459,381 n.a. Gain on trading and foreign exchange

Reported Net Profit USD in Millions 4Q17 3Q17 4Q16 2017 2016 YoY% Core Net Profit after Tax and NCI 117 137 74 459 274 68% Inventory gain (loss) 14 8 6 37 7 406% Total tax on Inventory gain/(loss) (1) 0 (1