have problem on purchasing power and incomes which have not yet recovered. The high liability affected the expense atmosphere to be sluggish. Cost of goods sold was 148.96 million baht. It decreased

from High-Valued Document. 2Q19 Revenue Breakdown Mil THB TBSPTKS 311 325 277 267 Q2 18 Q2 19 592 + 0.8% 588 T.K.S. Technologies Public Company Limited Management Discussion and Analysis Operating

the amount of Baht 33.52 million as a result of the deduction in net retention and portion of high risk products. However, claim incurred net of reinsurance recovery, commission and brokerage expenses

million. Since Q1/2018 the company has no income from the export of wood chips due to high competition and the baht strengthened. 2. The company’s cost of sales and services in the amount of Baht 410.19

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

revenue of years preceding 2017 was revised up and recorded in 2Q’17 for the amount of THB 7.7 million. Therefore, social security revenue growth of 2Q’18 was only 11% yoy because of this high base

promising growth was attributed by the increase of number of patients as well as bill amount per patient. A yoy slight decline of social security revenue were mainly from high care cost revenue following the

ทรัสตเพื่อการลงทุนของผูลงทุนสถาบันและรายใหญ (Institutional investor & High Net Worth Trust Fund) (ค) การจดัตั้งกองทรัสตเพื่อการลงทุนในอสังหาริมทรัพย (Real Estate Investment Trust) (ง) การตั้งนิ

deduction of earned premium net of reinsurance and commission and brokerage income totaling Baht 32.97 million as a result of the deduction in net retention and portion of high risk products. 2. Operating

many areas and debt amount remained in high level. Confident index of consumer continuously decreased. Therefore, it affected the expense atmosphere to be sluggish. Cost of goods sold was 138.13 million