for the imported raw material and goods because of Baht appreciation. Business outlook for Q4/2019 was expected that Thailand economy would be stable compared to the same period of 2018, in line with

2019, the price of pig iron remained stable at the same level while the price of scrap started to fall continuously. Thus it will become more challenging for the global steel industry participants in all

“stable” outlook, which reflects the company’s financial strength as the key raw water provider with a comprehensive pipeline network in the Eastern Seaboard area, rising of water demand in the Eastern

sector which continued to expand. Public spending and private consumption remained to be the main growth drivers. The policy rate remained stable at 1.5%. Central Pattana Public Company Limited (“The

countries in June 2017 was 73%, increased by 1.4% compared to the same period of previous year, and increased from May 2017 by 1.3%. This shows that the world steel industry remained stable and likely to grow

decrease of 14% YoY. Administrative expenses to sales increased to 7.7%, quite stable compared with Q3/2016. However, the ratio was lower QoQ from 8.9% in Q2/2017. 9M/2017 Administrative Expenses The Company

In 9M/2017, overseas sales delivered stable gross profits margin at 33.5% from the corresponding period last year because gross profit margin from overseas sales are varied in correspondence to the

Public Offering (IPO) in the second quarter of 2017.  TRIS rating announced the company rating of WHA at “A-“ with “Stable” outlook in the fourth quarter in 2017.  Successful conversion of WHAPF to WHART

hours per day in this quarter in order to test our production line and prepare to produce up to 100,000 tons per month in 2Q/18. The average sale price in this quarter is stable and will moving in the

stable and will moving in the same trend as in Q4/17. We strongly believe that we can increase production capacity and also maintain the metal spread to strengthen the Company business. 2. Business Outlook