% Other Income 24 9 15 167% 36 19 17 89% Distribution costs (93) (97) 4 -4% (76) (77) 1 -1% Administrative expenses (134) (139) 5 -4% (127) (113) (14) 12% Finance cost - Interest expenses (13) (11) (2) 18

% 182.44 153.19 19% Earnings before interest, taxes and depreciation 102.79 92.44 11% 405.48 362.47 12% % Earnings before interest, taxes and depreciation 26% 25% 1% 25% 25% 0% Other income /(expenses) 5.09

recent development in this area is the SEC Board’s approval of amendments to the Stock Exchange of Thailand (SET) regulations to improve the screening process for companies applying for SET listing and to

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for a period of not more than 6 months from the first draw down date with the interest rate at 12.5% per annum. The Company has provided the loan to GSTEL for the principle amount of Baht 94 million

capital of the Company and subsidiaries and shall improve the Company’s liquidity. Risk The Company may be at risk of not receiving the repayment and interest, or a delay in repayment. 10. Opinions of the

working capital of the Company and subsidiaries and shall improve the Company’s liquidity. Risk The Company may be at risk by not receiving the repayment and interest, or a delay in repayment from FP and

Company’s and its subsidiaries’ operation as well as impact by the higher interest rate as compared to previous year. 5. Net Profit For the first quarter ended 31 March 2018, the Company’s net loss was Bt

tons or 61% more. As a result, high utilization rate and efficiency improve in period caused lowering in overall production cost. Consequently, the gross profit margin increased from 26% to 37% in 2nd

in onshore and offshore interest rates. In addition, international trade has caused volatility spillovers; in particular, the spillovers from large economies with large volumes of international trade