resulting from a higher cost of raw materials Copper, Copper Foil, Laminate and Fiberglass. However, an increase in capacity and efficiency gained from the latest investment that supported sales volume growth

45.40 million, because the Company had to reserve packages and raw materials for customers in manufacturing. - Lease receivables were increased by Baht 89.01 million because of the realization pf lease

raw materials for customers in manufacturing. - Investment in the associated companies decreased by Baht 9.66 million, due to the recognized share of profit in the associate companies. - Land, buildings

was exporting new time high because the global price is higher than domestic. In addition, the price of raw materials abroad is higher than in local. However, the Company aware of the price fluctuation

change in foreign currency rates Table 1: Foreign currency exchange rates and sales in foreign currency 2) a higher cost of main raw materials The effect from copper usage was about 2.7% on product sales

payables to suppliers linked to the company selling raw materials to franchisees. Shareholder Equity As of 31 December 2016, and 31 December 2017, the Group had shareholders’ equity of THB 269.1 Mn and THB

Prachinburi province in January 2017 are also available. Chemicals were purchased for use as raw materials and distribution division include 1. Zircon Sands sold to industrial ceramics and metal foundry 2

of raw materials is down. As a result, gross margins widened to 20.9% in 2017 from 14.8% in 2016. Production overhead in 2017 increased by 17.31 million baht or 15.7% from 2016 due to the cost of

% 215 -32% 361 730 -51% Adjusted EBITDA Margin (%) 4.4% 6.8% -2.4% 7.6% -3.2% 5.9% 8.2% -2.3% Net Profit -36 67 -154% 20 -280% -16 131 -112% Item from raw materials derogation 14 -2,004 -101% 2 600% 16

subsidiary recorded gross profit of 4,418 MTHB, improved by 2.8% from the year 2018 due to lower prices of raw materials this year and improvement of production reliability. However, such improvement was