(Decrease) Income Revenue from sale of goods 29,910 15,178 97% Net foreign exchange gains 105 311 (66%) Net gain for debt restructuring 1 734 (100%) Net gain from write-off expired legal prescription of

13 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) Appendix Unit : Million Baht For the year 2018 For the year 2017 % Increase (Decrease) Income Revenue

District, Bangkok 10230 Tel: 02-943-6663-4 Fax: 02-943-6343 02-943-7740 goods last year Therefore the reversal of the allowance for the value of the goods Causing the cost of sales to decrease by 4 million

March 31, 2019 reached Baht 95.67 million, a decrease of 1% from Baht 96.25 million for the same period of previous year, of which 96% contributed from renewable energy business and 4% from others

decrease in sales and gross profit margin in 1 and 2 make a decrease of 1,118.12 million baht in gross profit. 3. Details of the revenue from sale are as follows: Type of product 1 st quarter of 2019 1 st

Revenue Increase (Decrease) % Revenue (Million Baht) Revenue (Million Baht) Revenue (Million Baht) Revenue (Million Baht) 31th-Mar-19 31th-Mar-18 31th-Mar-19 31th-Mar-18 Revenue from sales of real estate

increased in production volume of pre-stressed concrete pile and precast concrete resulting to decrease in cost of production. (4) Selling expenses The Company and its subsidiaries had selling expenses at the

Increase (decrease) % Producer and distributor of ready-to-drink milk, drinks 200.54 167.60 32.94 19.65 Immovable property business 4.72 4.66 0.06 1.28 Agriculture and dairy farm 17.28 17.38 (0.10) (0.57

30, 2019. The conclusions are as follow; Operating performance : 1. Revenue : The total revenue of the 2nd quarter of year 2019 was Baht 858.56 million representing a decrease 26.96% comparing to the

Securities Co., Ltd. (“KT ZMICO”) which the Company have 49.71% shareholding, decreased by Baht 17.17 million. This was mainly caused by lower fee and service income and brokerage fee from the 17% decrease in