success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue. Due to this

interest) considers that this transaction is appropriate in light of price and conditions since the value of consideration of KMM is higher than the assessed price. Also, the Company will be recognized the

in subsidiary - (25) 25 100.00 Loss on exchange rates (4,456) (2,971) (1,485) 49.98 Profit (loss) before finance cost and income tax expense 5,403 (4,952) 10,355 209.11 Finance cost (2,962) (485

as a result of 10% lower electricity dispatch and 17% drop in average coal price. Revenue of HHPC also decreased yoy due to this year's drought situation. Cost of Sales of Goods and Rendering of

and total portfolio and a strong growth of both domestic and overseas subsidiaries. In addition, the Company efficiently managed the selling, general and administrative expense and funding cost. 2

119.78 2.53 117.25 4,634.39 Cost of construction contracts (368.25) (333.53) 34.72 10.41 Gross profit 46.09 41.01 5.08 12.38 Other income 2.70 0.27 2.43 910.24 Administrative expenses (21.86) (16.63) 5.23

the previous year, the company had a profit from the sale of investments in subsidiaries in the amount of 246.78 million baht. 3. Distribution cost increased by Baht 0.87 million. 4. Financial cost

733 HRC Average Selling Price (Bht./ton) 18,690 16,163 HRC Cash Margin (Bht./Ton) 1,700 1,586 Unit: million Baht 31 December 2017 31 December 2016 Fin an cia l St at us Total Liabilities 5,492 5,871

2,383.46 million, dropped by THB 394.09 million or 14.19% down from 2017 primarily from higher corn price. Consequently, cost of sales for 2018 contributed of 85. 68% of total sales, raised from 83. 59% in

Company’s net profit for the year 2019 was 51.89% , decreased by 9.62%, an increase in cost of sales corresponding with the increase of sales revenue. And Product Mix and one-time expense for the year 2019 as