the increase of net profit margin better than ever. Financial Position: Consolidated Financial Statements 1. Total Assets Unit: Million Baht Statement of Financial Position 31-Dec-2019 31-Dec-2018

% in the same quarter of last year. Excluding TBSP of 22.2% GP, Company’s %GP represented at 27.1%, primary by higher Gross Profit of High-Valued Document. %Gross Profit Margin Mil THB 72 102 62 Q1'18

year). Net profit margins for each business segment are shown below: Net Profit Margin (to Total Revenue) 2019 2018 Special Cutting Tools Segment 4.16% 26.70% Standard Cutting Tools Segment 9.71% 10.41

previous year. Gross profit for the first six months of 2018 was Baht 1,179.40 million, a decrease by Baht 422 million or 26.35% from the same period of last year; however, gross profit margin essentially

revenues from construction services, while gross profit margin was 8.61%, compared to 7.92% in 2018. Other income The Company and its subsidiaries had other income of Baht 1,786.71 million, decreased by Baht

same period in the previous year which had a cost of sales of 35.05 million Baht. The Company's Gross Profit was 9.95 million Baht which had a Gross Profit Margin o{ 23"71%, not much different from

159.78 (42.39) (26.53) 87.16 96.05 Cost of sales (88.33) (119.80) 31.47 (26.27) (75.24) (74.98) Gross Profit 29.06 39.98 (10.92) (27.31) 11.91 21.07 Other income 17.30 6.57 10.73 163.32 12.84 3.95

quarter of last year making operating profit margin dropped from 8.2% in the same quarter last year to 7.6% following the increase of Selling and administrative expenses as mentioned earlier. Net profit in

, Baht 483 million down from the same quarter last year, making a drop from 8.7% to 4.7% in operating profit margin. This follows the increase of Selling and Administrative expenses as mentioned previously

decreased by 7.5 million Baht or 78.78% from the same period in 2017 since wholesale revenue increase which had low margin. In the first 6 months of 2017 and 2018, the Company generated net profit of 22.78