decline in net profit was from the same reason that caused to a decrease in gross profit margin. Moreover, this year the Company has tax expense from the net profit of nine month-period while last year the

Page 1 of 5 Performance Overview In 1Q18 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a 7% YoY decrease in total revenues, mainly from a drop of revenues from

production. Moreover, our main customer also lowered their production plan for the Combined Harvester which inline to a decline in sales of our screw flight and also lessen production of tractor in small model

significant decline in the net earning, i.e., a 74.19 percent drop to 29.57 million baht from 114.57 million baht in the same quarter of the previous year, or a 63.29 percent decrease from the second quarter of

/19”) sales revenue of Baht 3,199.32 million. The drop in sales revenue was mainly as a result of significant drop in Total Industry Volume (“TIV”) and Total Industry Production (“TIP”) for Thailand

1,500 10.9 658 4.7 (72.7) (37.8) Net profit 618 5.0 1,680 12.3 868 6.2 (63.2) (28.8) EPS (Baht) 0.50 1.35 0.70 Sales revenues and service income of this quarter amounting to Baht 12,404 million, 9.6% drop

. Explanation for such decrease due to drop in sales as provided in Section 1 above. Please be informed accordingly. Yours sincerely, Mr. Hamidi Bin Maulod Chief Executive Officer

transportation and logistics cost which drop by THB 23 million which aligning to the decrease in export sales of energy drinks to China Afghanistan and Yemen. Administrative expenses amounted to THB 210 million

% over the same period of last year in line with the drop in business activities revenue. As a result, Gross Profit of the group was THB 97.03 million (43% of total revenue), a decrease of THB 20.72

2018, Sales revenue of the Company was recorded at THB 1,256.44 million and THB 983.36 million respectively or equivalent to a drop of 21.73% which is considered a consecutive decline from the last