recognition of license fee for implementation jobs in HR Solution. In Financial Solution, despite a lower revenue of THB 4.77 million, we have continued to maintain costs and raised gross margin by 642 basis

19.31 27.79 Total cost of sales and services 74.99 41.99 75.57 35.60 The gross margin increased from 35.60% to 41.99% is mainly due to the contribution from recognition of license fee from HR solutions

HR solutions. HR solutions grew by THB 26.27 million or 15.04% from the recognition of license income and implementation fee from projects in Thailand and Malaysia, as well as, moderate growth in

complete recognition of impairment loss from the liquidation of SBT in the year 2017. Gross profit margin = Gross Profit (Total Sales – Costs of Sales) to Sales Net profit margin = Net Profit to Total

recognition from commercial building which had higher gross profit margin. Selling & Administration expenses The Company and its subsidiaries had SG&A for the first quarter ended March 31, 2019 amounting to

loss of revenue recognition from design engineering. 2. Cost of contract work In the first quarter of 2019, the Company and its subsidiaries had cost of contract work amount of 120.28 million Baht, the

Revenue 1,679,837 1,170,702 509,135 43.49 Gross Profit 452,876 331,824 121,052 36.48 Gross profit margin (%) 26.96 28.34 (1.38) (4.88) Rental and other services Revenue 76,312 57,760 18,552 32.12 Gross

0.63 230.16 Loss for the period -23.94 -85.76 -72.08 -6.39 -7.38 -13.41 Gross profit margin (Sales of real estate) 21.41 22.62 -5.37 23.44 21.94 6.83 Net profit margin -1.90 -18.08 -89.49 -0.96 -1.79

) 1.54 0.57 0.97 Debt/Equity ratio (Times) 1.56 7.28 5.72- Consolidated financial information Page 18 of 19 Gross profit margin increased from 13.44% to 15.63% due to recognition of operating results of

taxation 233,778 (45,408) 615% 11,621 61,038 -81% Margin 27% -7% 4% 13% Profit / (Loss) for the period 191,233 (113,896) 268% (12,024) 31,706 -138% Margin 22% -17% -4% 7% Portion of the Companies