Microsoft Word - 62-17_Eng_Explanation of the business profit for the quarter 2-2019.DOC FANCY WOOD INDUSTRIES PUBLIC CO., LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Microsoft Word - 61-12_Eng_Explanation of the business profit for the quarter 2-2018.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

profit increased by 218.77% to Baht 46.03 million from Baht 14.44 million in the comparable quarter of 2017. The clarification of the Company operating results is as follows: Revenue from Sales In the 1st

export branded business, despite a decrease in export CMG and domestic branded.  Net profit in Q4/2017 was Baht 28 million, a decrease of 76% YoY due to 1) lower sales contribution of export pressuring

higher yield loss; and cost from relocating some product from the old production line to the new one in Q1/2018. Q3/2018 Gross Profit The Company and its subsidiaries recorded gross profit of Baht 249

products as well as growth from some exiting products. Domestic branded was quite maintained.  Net profit in Q1/2018 was Baht 9 million, a decrease of 92% YoY due to 1) lower sales contribution of export

net profit increased by 176.54% or equal to Baht 43.14 million as compared to Baht 15.60 million which was recorded in the same quarter of 2017. For 1H18, the Company recorded the net profit of Baht

net profit of Baht 0.8 million from its joint venture in the Philippines, Monde Malee Beverage Corporation (MMBC) in Q4/2018, the first profit making quarter of MMBC since its first operation in 2016

management. Based on the Company's financial statements for the 3 months ended March 31, 2020 Business specific quarterly financial statement ended on 31 March 2020 indicates the net profit of 2. 90 million

from the acquisition of LQSF in Vietnam as well as consulting fees from other investment projects; 2) lower sales contribution of export pressuring net profit margin; 3) higher depreciation resulted from