% resulting from the rise in gross profit margin from 6.99% in Q3/2018 to be 8.13%. This was derived from our well manage in purchase timing as well as the currency appreciation in this quarter. Total selling

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

Manila. Second, the impact from foreign currency translation of the financial statements as the THB appreciation against the USD and the Peso by 4% and 10%, respectively. Unit: THB mn 3Q17 3Q16 Var %Chg

December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an

appreciation of the Thai baht; a decrease in revenue following the news about the closure of Dusit Thani Bangkok Hotel; and a decrease in revenue from the absence of Dusit Princess Korat Hotel, which was

financial statements due to an appreciation of the Thai Baht from 3Q17. Other Income increased from the share of profit from investment in DREIT and food business, which the company invested in 1Q18. Total

/mmBtu in Q1’2017 and 231.23 Baht/mmBtu in Q4’2017), despite partly offset by a reduction of capacity payment due to Baht appreciation during the period Electricity sales to Industrial Users (IUs

lead to increase in the sales volume in this zone. However, the Company’s revenue was affected by the appreciation of exchange rate of 6% from an average of 32.75 per 1 Dollar in Quarter 3 2018 to 30.68

rate decelerated in accordance with the global economic growth which was affected by the trade war between the United States and China, together with the appreciation of the Thai Baht as one of the

value that has been revalued to reflect the current market prices of raw materials, which some items were in downtrend and the significant appreciation of Baht, resulting in higher cost of goods sold. The