Company had invested in the past. The Company had a net profit of 681.3 million Baht, a growth from 2018 of 34.8 percent, which is the highest net profit since the Company was established for three years

expenses 10.62 14.39 23.80 32.39 13.18 124.11 Total expenses 32.70 44.31 44.68 60.81 11.98 36.64 Profit before finance cost and income tax expenses 41.09 55.69 28.79 39.19 (12.30) 29.93 Finance cost 6.68

the three-month period ended 31 March 2017 Enclosed herewith, please find the financial statements for the first quarter ended 31 March 2017 of Nam Seng Insurance Plc. The Company realized profit for

margin 8.4% 3.4% Debt to Equity ratio 0.14 0.16 Earnings per share 0.32 0.11 ROA 8.2% 3.1% ROE 9.1% 3.5% Gross profit margin = Gross Profit (Total Sales – Costs of Sales) to Sales Net profit margin = Net

’ spread margin with the reliability of production unit. Financial Ratios Q3 2017 Q3 2016 Gross profit margin 17.7% 10.1% Net profit margin 7.4% 2.6% Debt to Equity ratio 0.12 0.14 Earnings per share 0.30

% 10.1% EBITDA (MB) 21.9 37.0 -40.8% EBITDA (%) 9.7% 18.0% Earnings per share (Baht) 0.02 0.04 -50.0% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization Statement of

-76.5% Administrative expenses - 8.4 - 7.2 -16.9% Finance costs - 4.9 - 3.0 -64.3% Profit for the period 40.9 2.4 1619.5% Net Profit 14.6% 1.3% EBITDA (MB) 62.6 9.0 597.5% EBITDA (%) 22.3% 5.1% Earnings

current reported period. The cost of sales is impacted by inventory gains/losses wherein inventory gains decrease the cost of sales and inventory losses increase the cost of sales. Core Net Profit is the

3.11 8.87 Profit before share loss from investment in joint venture and income tax 1.48 2.17 1.29 2.34 (1.05) (44.87) Share of loss from investment in joint venture 0.00 (0.52) 0.00 0.00 0.00 N/A Profit

Prompong area, combinded value of THB 9,000.0mn. May Paid dividend from unappropriated retained earnings of THB 0.0313 per share to shareholders whose name appeared on the record date on 8 May 2018. The