universe. For Australian and New Zealand stocks, the expected total return (ETR) calculation includes 12 -month rolling dividend yield. An Outperform rating is assigned where an ETR is greater than or equal

of 19% in sales volumes. The USD zinc price significantly increased by 36% to 2,598USD/ton in Q2 2017 from 1,915USD/ton in Q2 2016. However the Thai Baht against the US dollar appreciated with 3% from

commercially operational due to the appreciation of the Baht against the U.S. dollar when actual payment was made. 2.4) Finance cost and tax 6M'2016 6M'2017 % change million Baht million Baht % Finance cost

Baht against USD. The USD zinc price increased to 2,962USD/ton in Q3 2017 from 2,253USD/ton in Q3 2016. Thai Baht appreciated against the US dollar by 4% from 35.01 THB/USD in Q3 2016 to 33.55 THB/USD in

versus the US dollar. Selling expenses Total selling expenses of the Company and subsidiary for the year 2018 and 2017 amounting to Baht 365 million and Baht 483 million, respectively, decreased by Baht

H1 2018 significantly increased by 21% to 3,268 USD/ton from 2,690 USD/ton in H1 2017. Thai Baht appreciated against the US dollar by 9% from 34.88 THB/USD in H1 2017 to 31.90 THB/USD in H1 2018.  The

%. Gross profit was down from 35.5% to 29.4% due to low margin sales to B2B and Thai Baht appreciation against US dollar in the first quarter. The Company reported total expenses of Baht 903.0 million

dollar. Distribution Cost An increase of distribution cost compares to the same period last year due to increase in sales volume that mentioned above. Besides the Company incurred transportation cost from

Baht appreciation against US dollar from the last quarter. Total expenses were Baht 1,381.3 million, decreased by 5.9% and net profit was Baht 27.5 million, decreased by 18.2%. Earnings per share

% 715 526 -26.43% - United States dollar 524 550 637 21.56% 15.82% 1,146 1,187 3.58% - Thailand baht 2,033 2,534 3,197 57.26% 26.16% 4,773 5,731 20.07% Total sales volume (Ton) 2,890 3,335 4,109 42.18