that to owners rose by 20.8% to Baht 2,331 million. Normalised net profit (NNP) and that to owners were Baht 3,658 million and Baht 2,161 million respectively. Full earnings contributions from these new

million baht. Consequently, net profit in 2017 was down to 4,929 million baht, a decrease of 10.6% and 26.6% from 2016 and 2015 respectively. Earnings per share decreased to 3.95 baht in 2017, from 4.42

foreign exchange hedging at Baht 2.1 million. Other income reported at Baht 0.9 million from transportation, sales of scraps, and obsolete equipment. Gross profit margin slightly increased from 32.2% to

10.0% and 11.8% from 2017 and 2016 respectively. Earnings per share was 4.12 baht in 2018 compare to 3.95 baht in 2017 and 4.42 baht in 2016. Assets and Liabilities Assets As at 31 December 2018, the

amount of Baht 31 million and a provision of obsolete inventory in the amount of Baht 24 million.  NNP q-on-q: A 29.0% increase q-on-q from Baht 830 million in Q1’2018 to Baht 1,071 million in Q2’2018

% 8.6% 7.7% 8.4% 10.4% % NNP - Owner of the parent 61.3% 61.3% 56.8% 63.0% 58.4% Remark: * EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization - Non-operating income / (expense

% 7.4% 12.2% 6.7% 8.2% % NNP - Owner of the parent 63.1% 63.6% 64.2% 64.5% 62.9% Remark: * EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization - Non-recurring income / (expense

Management’s Discussion and Analysis For the Financial Results of Quarter 2 Year 2017 Ended June 30, 2017 1 ABBREVIATION ADB = Asian Development Bank COD = Commercial Operation Date EBITDA = Earnings

26.80 million. OLD Policy on allowance for obsolete inventories Considering inventories that are 5 years or older and considering the inventories. The net realizable value is the amount for which an asset

were:  Cost of goods sold was Baht 15.21 million, increasing of 130.8% due to lots of new book titles book published and increased in numbers of provision of obsolete stocks.  Selling and