% Earnings per share (THB) 0.04 0.01 0.03 220% Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2017 YTD 2017 Financial Position Summary compared to YTD 2016

% (620,591) (1,261,868) 51% Basic Earnings (Loss) per share Loss (Baht per share) (0.0073) (0.0762) -90% (0.0273) (0.0827) -67% Weighted average number of common shares (Thousand shares) 22,740,610 15,257,471

estimation in one of the long-term construction contracts. However, if the Company can control the cost of the construction in this project as per planned or any other factors, this loss can be reversed to a

Company reversed doubtful debts in the amount of Baht 28.67 million for the six-month period of 2016, which decreased by Baht 28.67 million or a 100 percent decrease compared to the six-month period of 2015

decrease compared to the nine-month period of 2015 mainly due to the decrease in salary, employment welfare, fees and other administrative expenses. The Company reversed doubtful debts in the amount of Baht

% 5,535.2 6,620.6* 1,085.4 19.6% Normalized Net Profit/3 523.8 938.3* 414.6 79.2% 1,128.2 1,279.0* 150.7 13.4% /1 Including other income and share of profit from investments in associates and JVs /2 Gross

534.6% Share of profit (loss) from investment in an associate and joint ventures (50.2) (2.9%) (158.8) (13.8%) (108.6) (216.3%) Finance costs (Interest expenses) 205.5 11.7% 196.8 17.1% (8.8) (4.3

for doubtful accounts has been reversed to 36.60 million Baht. For these reasons, in Q2/2017 the Company and its subsidiaries had a profit of Baht 40.76 million Baht while in Q2/2016 had loss of 32.10

employee expenses and legal expenses. 4. Allowance for doubtful accounts and damages from lawsuit In year 2019, the Company has reversed of allowance for doubtful accounts due to the repayment from the

Distribution of Newly Issued Shares and Share Warrants by Issuer