of B100 selling price. However, with crude palm oil price continuously declining, BBF recorded an Inventory Loss. The operating results of the separated financial statement for the 6-month period ended

working capital management during 9M17, trade receivable turnover, inventory turnover as well as trade payable turnover were not meaningfully changed yoy. Leverage ratio has improved as illustrated by

2.5% compared with QoQ, primarily due to declining of write off obsolete inventories during the period. The Company reported shutdown expenses for inventory management against sales volume in 3Q17 at

loss from inventory THB 301 million. KHON KAEN SUGAR INDUSTRY PUBLIC CO., 503 K.S.L. TOWER, 9th FLOOR, SRIAYUDHYA RAJATHEVI, BANGKOK 10400 28 December 2017 EXPLANATION FOR THE INCREASE IN NET PROFIT OF

, a decline of Bt204 million for the value of trade receivable and other receivable, an increase of Bt163 million of inventory as sales increased, and an increase of Bt373 million for the value of

goods inventory in which accounted to THB 216. 6 MB and THB 501.8 MB respectively or equivalent to 34.6% and 39.1% of the total assets. Secondly, cash and cash equivalents as of year-end 2016 and 2017

meaningfully changed yoy. Trade receivable and Trade payable period were slightly decreased while inventory period was unchanged. Leverage ratio has improved as illustrated by Interest Coverage ratio (EBITDA

from social security bureau. For inventory day, it was barely changed comparing to the same quarter of last year. Please be informed accordingly. Yours sincerely, (Surin Prasithirun, M.D.) Managing

this quarter, the ratios were not substantially changed yoy. Trade receivable and Trade payable period were decreased while inventory period was slightly increased. For the financial risk perspective

238.81 million as of December 31, 2017 from the significant reasons of the increase of cash, inventory and investment in associates and joint venture. In this regard, cash increased from the issuance of