has planed to generate more fee base incomes in the future. Expenses In the nine-month period, the consolidated expenses that consisted of operating and administrative expense, bad debt and doubtful

kept its growth momentum from the previous quarter. However, it did not clearly show evidence of a broad-based recovery. Private investment, in particular, remained uncertain, pending greater clarity in

Risk Management During the first quarter of 2018, the Thai economy saw an uneven recovery amid limited growth in consumption, weak farm income and risks from uncertain trade policies and protectionist

in the year 2017 caused from expense of bond issuance at Baht 3.89 million and allowance for doubtful account at Baht 2.52 million, however in year 2016 the reversal of doubtful account was Baht 9.79

, 2017 which increased from the same quarter last year totaling 11.08 million Baht or 6.73%. The major reason for the increase is due to an increase of 9.13 million Baht in allowance for doubtful debts

or 157.34%. The primary cause is the cost in the production of agricultural business increased. 2. Allowance for doubtful accounts (reversal) by 0.16 Million Baht increased from the same period last

% 65% 5,646 7,933 301 1,456 5,651 8,988 513 1,984 0% 13% 70% 36% Total Revenues 5,225 5,664 5,979 6% 14% 15,335 17,136 12% Operating and administrative expenses and others Bad debts and doubtful accounts

up of Allowance for Doubtful accounts and loss from investments which increased by 112.24 million Baht from last year and the increase in sales and administration cost to support the expansion of

. 620/5 Moo 11 Nongkham, Sriracha, Chonburi 20230 Thailand Tel. 66-38 480-020-1 FAX. 66-38 480-080 2. The allowance for doubtful accounts is 0.13 million baht. Decrease from the same period a year before

145.12% Selling expenses 15.28 3.11% 26.97 10.27% -11.69 -43.33% Administrative expenses 44.63 9.10% 65.73 25.03% -21.10 -32.10% Reversal of doubtful debts -28.67 -5.84% - 0.00% -28.67 100.00% Total