: FJD million) 2015 2016 Revenue from operation 42.61 41.14 Operating expense 32.54 31.28 Other revenue 0.77 0.92 Other expenses 1.70 1.65 Page 12 of 18 Depreciation and Amortization 3.28 3.57 EBITDA

million, decreased by 123.5% YoY. This decrease was driven by the temporary closure of Hotels and the employee benefit expense from an organizational restructuring. However, the Company had the positive

financial instruments 184 - - - 184 - 184 100% Profit (Loss) before the effects of foreign exchange, deferred income tax and lease income 2,990 2,567 33 (3) 3,023 2,564 459 18% Deferred income (expense) tax

quarter due to the Company entered the Tolling agreement with G Steel for producing of HRC to increase the normal capacity during off peak power usage commencing in 4th Quarter of 2017 till to present which

) Administrative Expenses (25.4) (8.4) 17.0 (66.8) Finance Costs (146.0) (93.7) 52.3 (35.9) Share of Profit from Investments in Associates and Joint Ventures 250.8 659.2 408.5 162.9 Income Tax (Expense) Income 17.9

revenue. 6. Administrative expenses for the year 2018 decreased from year 2017 in amount of Baht 3.66 million or 4.75% as follows: 6 . 1 Employee benefits expense increased in amount of 7.93 million Baht

2,654.4 26.6 4,618.8 27.8 1,964.4 74.0 Finance cost 51.0 0.5 262.5 1.6 211.5 414.8 Profit before income tax expense 2,603.4 26.1 4,356.3 26.2 1,752.9 67.3 Income tax expenses 582.9 5.8 980.6 5.9 397.7 68.2

45.4% from 39.9% in previous year. Selling and administration expense. Selling and administration expense (“SG&A”) closed at 97.39 mb (2017: 82.75 mb), an increase of 14.64 mb or 17.7 %. SG&A is composed

expense 407.36 442.90 35.54 8.72% Income tax expense 86.24 89.37 3.12 3.62% Profit for the period 321.11 353.54 32.42 10.10% Profit attributable to: Non-controlling interests -2.64 0.76 3.40 -128.78% Owners

) Financial costs (0.14) (0.34) (0.68) (111.47) Share of loss of joint venture (107.17) (261.90) (89.50) (14,672.13) Total expense (285.27) (697.14) (433.67) (71,093.44) Loss prior to income tax (272.97