and installation of the pipeline 239.05 248.60 (3.84) Income from water production and distribution 31.25 24.31 28.55 Income from installation and distribution of water production systems 3.40 25.03

) (70.9 %) 2.7 % Gross Margin 364.5 28.0 % 374.4 29.1 % (2.6 %) Distribution Costs (197.2) (15.1 %) (148.8) (11.6 %) 32.5 % Administrative Expenses (63.2) (4.9 %) (57.9) (4.5 %) 9.0 % Profit before Income

%.  Distribution costs for the 4th quarter 2018 represented 21.2% of revenue from sales, increased from the same period last year Baht 2.39 million or 2.7%. The change was due to increasing of rental expense. 1/2

follow: Note: The Company has adjusted the sales’ expenses to deduct and show the net amount in sales revenue resulting in a decrease in sales revenue and gross profit. As the for distribution cost, the

of distribution and administrative expenses was 0.88% when compared to the same period last year. Since the company has restructured its organization to allocate staff to work and to control expenses

%, distribution costs and administrative expenses which increased in the amount of Baht 124.4 million or 14.9% and finance costs which decreased in the amount of Baht 26.1 million or 16.1%. The increase in total

distribution costs and administrative expenses increased in the amount of Baht 17.3 million or increased 6.0 percent. The main reasons were an increase in staff expense, doctor fee, and other fixed costs

amount of Baht 157.6 million or increased 11.0 percent, and distribution costs and administrative expenses increased in the 44 หมู่ 4 ถ.แจง้วฒันะ ต.ปากเกร็ด อ.ปากเกร็ด จ.นนทบุรี 11120 โทร +66 2836 9990

management business dividing two types of income, as below; 2.1 Income from water production and distribution increased by Baht 9.33 million from investment in a company possessing a water production contract

) rental and expenses relating to distribution centers and cash van operation amounted to THB 458 million up by THB 132 million of 40.5%, of which the amount included the fixed costs of staff cost and rental