First Quarter of 2019 WHAUP finished our 1Q2019 with a Net Profit of Baht 424.2 million, a 40.8% decrease from 1Q2018 with Normalized Net Profit of Baht 394.2 million, a 15.3% decrease from 1Q2018. 1

table. Revenue from Sales In 2019, the Company’s revenue from sales is Baht 990.72 million, which resulted in a decrease of Baht 154.27 million or 13.47% when compared with the revenue from sales in 2018

increase in prices of sugar and garlics, which are the main raw materials used in the production, and Baht appreciation has contributed to a slight decrease in gross profit margin. Selling Expenses Selling

new factory that incurred as a result of lower-than-normal production capacity. Compared with the administrative expenses in 1Q20, a decrease of Baht 1.36 million or 4.48% is observed, and this is

volume. Gross Profit Margin Gross profit margin increased from 30.60% in 3Q17 to 39.18% in 3Q18. The main cause stemmed from a decrease in sugar and garlic prices, an increase in the proportion of revenue

%. A decrease in the peak demand was mainly influenced by the lower temperature than previous year and the success of implementing energy saving programs, which had pushed down the power consumption

decrease rate of 10.16 percent. The revenue decrease was caused by the high competition in the battery industry resulting in the deceleration in domestic sales. Moreover, lead which is the main raw material

% from the same period in 2018. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include sales from the

line with the decrease in revenue from sales due to the fixed cost on salaries for the production that was not able to occupy full capacity. (4) Selling expenses The Company and its subsidiaries’ selling

of June 30, 2019 at 92.55 million baht, compare with the same period of previous year with amount of 93.21 million baht which decrease by 0.66 million baht or 0.71% decrease, which resulted from