decreased 40% to THB 355m in Q1 2018 from THB 588m in Q1 2017. Net Profit decreased 32% to THB 553m in Q118 from THB 818m in Q117, due to lower operating profits due to the 10% strengthening in the THB/USD

decreased 53% to THB 381m in Q3 2019 from THB 815m in Q3 2018. Net Profit decreased 55% to THB 407m in Q319 from THB 905m in Q318, due to lower operating profits in Q319 vs Q318. Quarter Quarter % THB '000

. Net Profit decreased by 24% to THB 1,805m in 2019 from THB 2,375m in 2018 due to lower operating profits more than offsetting an increase in exchange gain of THB 319m in 2019. Past Performance Analysis

decreasing 20%. Sales revenues from the IC divisions were 7% lower in Q119 with Ayutthaya sales decreasing 6% and Jiaxing IC sales decreasing by 9%. The Microdisplay division sales decreased 26% in Q119

 IC divisions were 1% lower in Q219 with Ayutthaya sales decreasing 2% and Jiaxing IC sales increasing by 8%. The Microdisplay division sales increased 14% in Q219 compared to Q119.    Sales Revenue

% HMT (Ohio, USA) 4% 4% 5% 4% 5% 100% 100% 100% 100% 100% Gross Profit / Cost of Sales Analysis and Sales and Administration Analysis The Gross Profit margin was 1 percentage points lower at 14% in Q218

Q419. Sales in the microelectronics divisions decreased 10% with Lamphun decreasing 4% and Jiaxing decreasing 30%. Sales revenues from the IC divisions were 8% lower in Q120 with Ayutthaya sales

sales revenue and lower depreciation expense. Operating Profit Analysis The Operating profit margin increased by 1 percentage point to 11% in 2017 from 10% in 2016. SG&A expenses increased by 4% [THB 52

 expenses were 10% higher in Q217 than in Q216 due to higher salary expenses. SG&A expenses in Q217 were 3% lower than Q117. Foreign Exchange Rates Each week's sales and purchases are booked based on the

 Q316. SG&A expenses in Q317 were 1% lower than Q217. Foreign Exchange Rates Each week's sales and purchases are booked based on the exchange rate at the close of the previous week. The average exchange