million, mainly caused by increased of finished goods Baht 330.4 million, work in process Baht 14.7 million, raw materials Baht 53.7 million, supplies Baht 38.7 million, and decreased of goods in transit

73 1 / 4 Pef. MD 057/2017 13th November 2017 Subj Management Discussion and Analysis (MD&A) Q3/2017 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary Public Company

2017 of 236 M THB or11%, mainly are from o Declining in average price per unit of finish goods and raw materials. o Declining in G-G contract of 224M THB. o Declining in sales of Restaurant and food

certain types of vehicles to be able to use high speed diesel fuel, B20. Increasing demand for raw materials for biodiesel production Which may affect the sales volume of the Company's products That will

addition, the dog chews business has been affected by competition in price and substitution of other raw materials. 1.2 The company’s income from energy business for the year2018 in the amount of Baht

vehicles to be able to use high speed diesel fuel, B20. Increasing demand for raw materials for biodiesel production Which may affect the sales volume of the Company's products That will increase according

project volume resulting in a price competition and the cost of raw materials used in production is higher than the year 2018. 4. Cost from the water management business for quarter 1/2019 representing

installed in Q2/2018 – Q1/2019. However, the main variable costs including raw materials and consumables used decreased from the previous year as the production slowed down. The only selling and

the cost of raw materials used in production is lower than the year 2018. 4. Cost from the water management business for quarter 2/2019 was 70.48% of income. Cost per income rate decreased compared to

increased of finished goods Baht 85.0 million, work in process Baht 0.2 million, supplies Baht 6.0 million, decreased of raw materials Baht 54.4 million and goods in transit Baht 18.0 million. -2- 5