production management. - Seafood business recorded its GPM of Baht 67.5 million, 22.3% increased from Q1/2017 or by Baht 12.3 million mainly due to effectiveness in raw material and production cost management

39,828 2.6% (Gain) loss on disposals of PPE 9 -1 -7 -180% n/m 25 - n/m Management benefit expense -43 -38 -37 -13% -0.4% -123 -120 -2.7% Other financial cost -4 -8 -6 44% -28% -13 -19 44% EBITDA 22,091

& amortization 13,546 13,222 13,118 -3.2 % -0.8 % 53,374 52,902 -0.9 % (Gain) loss on disposals of PPE 30 3 -8 -127 % -390 % 26 20 -23 % Management benefit expense -26 -36 -29 13 % -19 % -145 -133 -8.4 % Other

12,862 13,009 13,377 4.0% 2.8% 25,869 26,386 2.0% (Gain) loss on disposals of PPE 16 8 -1 -106% -112% 16 7 -53% Management benefit expense -40 -45 -38 -5.5% -16% -80 -82 3.0% Other financial cost -4 -5 -8

expense -38 -40 -28 -26% -31% -82 -68 -17% Other financial cost -8 -4 -6 -30% 58% -13 -9 -30% EBITDA 23,006 22,404 22,353 -2.8% -0.2% 45,587 44,757 -1.8% EBITDA margin (%) 54% 49% 49% -8.2% -0.2% 51% 49

service expense, employee benefit expense and marketing and promotion expenses. 6. Administrative expense was THB 15,549 million, increased by THB 89 million or 0.6%, which was driven by a 20.6% increase in

% Depreciation & amortization 6,917 8,164 8,079 17% -1.0% (Gain) loss on disposals of PPE 160 7 - -100% -100% Management benefit expense (34) (24) (48) 38% 99% Other financial cost (23) (8) (6) -75% -32% EBITDA

% Depreciation & amortization 9,572 9,758 9,749 1.8% -0.1% 27,471 29,374 6.9% (Gain) loss on disposals of PPE -3 0 25 -875% n/a 40 25 -39% Management benefit expense -30 -40 -43 44% 8.5% -112 -123 10% Other

Operating Profit 10,879 9,202 10,063 -7.5% 9.3% 10,024 (39) Depreciation & amortization 8,079 8,919 8,847 10% -0.8% 8,847 - (Gain) loss on disposals of PPE - (20) 29 NA -245% 29 - Management benefit expense

disposals of PPE (3) - 10 -419% NA 157 10 -93% Management benefit expense (48) (48) (56) 17% 17% (82) (104) 26% Other financial cost (16) (6) (12) -25% 117% (38) (18) -54% EBITDA 17,108 18,905 18,998 11% 0.5