) Finance costs 52 55 (4) -6% Income tax expense 8 4 4 98% Profit for the quarter 32 (72) 104 1.7% (4.3%) Consolidated financial information (Unit : Million Baht) 2 / 4 Operating results by business for the

find further information in the consolidated financial statements. 2 Analysis of Costs and Expenses 1. In 2019, Cost of sales was 14,187 MTHB, decreased by 1,462 MTHB comparing to 2018 or 9.3% due the

from last year. The main reasons were as follows:- 1. The consolidated sales increased by Baht 169.06 million or 5.66% due to the company recognized project income of Baht 187.42 million in percentage of

consolidated financial statements of the Company increased by Baht 201.68 million or 8.31% compared with last year. An increase mainly due to higher net accounts receivable of Baht 103.75 million since some

May 15, 2019 Subject : Management Discussion and Analysis for quarter ended March 31, 2019 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1 Revenues Consolidated

going to have some minor changes. 5. The consolidated gross profit margin was 14.32%, decreased from the same period of last year at 17.14% due to the declining in sales whereas depreciation was higher

from 79.01 Million Baht to 74.65 Million Baht or 5.52% due to cancellation of licensor distribution and manufacturing. This affects extensive project cannot apply tender as a results. 2. The Company’s

and the financial statements for the three-month period ended March 31, 2018, the company and its subsidiary has reported consolidated net profit of Baht 19.22 million which was increased by Baht 4.59

Department Corporate Disclosure Standards, Stock Exchange of Thailand Attachment: Consolidated Audited Financial Statements for the year ended 31st December 2017 Jutha Maritime Public Company Limited and its

May 8, 2019 Re : Management Discussion and Analysis for Q1/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue