Q218 due to higher employee expenses from increased employee benefits provision. Due to a change in the law, employee retirement benefits provision has increased (one time adjustment) by Bht 31.6m in

increase 27.74% , because the company added the employee at management level to align with appropriate organizational restructuring . 7. Financial cost In Q3/2017, the financial cost was Baht 0.47 million

global raw materials and the increasing in competition among entrepreneurs under the situation of excess supply from products and raw materials coming in from various countries. Therefore those factors

utilization rate to available capacity, and eventually a higher cost of goods produced and low margin. To offset a slowdown in orders, the Company reduced costs by obtaining better sources of raw materials

operations. 1.1 Factors that affect business operations. In the year 2018, the Company affected from; prices of raw materials, cotton and polyester, risen since the second quarter; uncertainty of crude oil

-Quarter of 2017. Management’s Discussion and Analysis (MD&A) For Q3/2017 5 Chart of world steel production capacity utilization, ending 30 September 2017 Source: World Steel Association The main raw

exchange (76) (Reversal of) loss on devaluation of inventories (135) (Reversal of) loss on confirmed purchase orders of undelivered of raw material (41) Employee benefit expenses 24 (47) Changes in operating

% 215 -32% 361 730 -51% Adjusted EBITDA Margin (%) 4.4% 6.8% -2.4% 7.6% -3.2% 5.9% 8.2% -2.3% Net Profit -36 67 -154% 20 -280% -16 131 -112% Item from raw materials derogation 14 -2,004 -101% 2 600% 16

million, increase Baht 1.33 million or increase 8.4% , because the company added the employee at the management level to align with appropriate organizational restructuring in order to improve management

percent when compared to same period of previous year which has other revenue of 1.13 Million Baht due to sell scrap raw materials, income from insurance claim and compromise with trade creditors (2