to the increase in gross profit of Baht 407 million or 34% as summarized below: • IRPC-CP Phase 2 and ISP1 started commercial operation in Q4/2017. • The extraordinary expenses of Baht 101 million was

for the various projects underway which are not yet completed and have not yet started contributing to the earnings. Notes We recommend that investors always read the MD&A together with the published

economics as demand and supply get balanced.  Unfortunately we recently had a lightening strike in recently started Lake Charles ,which might take few months to recover, damage assessment is being done

, however, the subsidiaries have not yet started their operations. (8) Share of profit (loss) from investment in associated company and joint ventures In 2017 , the Company recognized the loss sharing from

, Hua Hin Branch, Sriracha Branch, Phra Nakorn Sri Ayutthaya Branch and Hat Yai Branch (which started to operate since 6 April 2017). The Company plans to open at least three new outlets by 2018. Industry

started resulting the Company has to realize the cost including the depreciation of factory, machinery and other system; however, the manufacturing capacity has not utilize in its full capacity and the

, Hua Hin Branch, Sriracha Branch, Phra Nakorn Sri Ayutthaya Branch and Hat Yai Branch (which started to operate since 6 April 2017). The Company plans to open its 10th branch at Chachoengsao province

started providing community management services to other real estate developers in order to generate extra income and expand the income base of the Company. The gross income of the Company and subsidiary

companies. In addition, to expand collection business in CLMV region, the Company started operation in Cambodia and plan to study to set up the collection business in Vietnam in 2018. Please be informed

potential business which will enhance return and synergy with group of companies. In addition, to expand collection business in CLMV region, the Company started operation in Cambodia and plan to study to set