) % Change Revenues from sales and services 292.80 161.61 131.19 81.17 Other revenues 5.03 5.27 (0.24) (4.55) Total revenues 297.84 166.88 130.96 78.47 Costs of sales and services 212.57 126.58 85.99 67.93

Million Baht (250%) from Q3/2016. The main cause for the higher net profit is from improved costs and expenses Discussion and Analysis of the Company and its subsidiaries Operational Results in Q3/2017 and

increased in the amount Baht 185.8 million or 19.9% and reported profit before finance costs and income tax of Baht 1,525.6 million (2016 : Baht 1,303.4 million), increased in the amount of Baht 222.2 million

% comparing to 2018 mostly from warehouse costs and commission expenses, aligning with the increased of sales volume. 3. In this quarter, the Company recorded additional provision for employee benefits by 50

, Selling and Administrative Expenses was 308 MB, decreased by 29 MB or 8.5% comparing to 2017 mostly from lower transportation costs. 3. There was no impairment loss in Q3 2018 as all impairment loss from

13.1% comparing to 2018 mostly from higher transportation costs, aligning with the increase of sales volume. 3. In the same period of last year, 93 MB loss on dilution on investment in an associate was

decrease of THB 8.5 Mn or 24.3%. This decrease was mainly due to the Group had other income from the reversal of the provision for decommissioning costs of THB 17.3 Mn in the 2nd quarter of 2018. However

MB. As the company has complied with efficiency management plan that help company reduce costs of sales and selling expenses. Please be informed. Yours Sincerely, Mr. Panya Boonyapiwat Chairman

by Baht 28.8 million or 121.5% when compared to the same period last year. The increase was chiefly from new project development and acquisition-related costs from overseas investments. 4

mall management and effective operating costs control The Thai economy in 2Q17 continued to expand and recovered at a modest pace, driven by export of goods which showed a high expansion, and the tourism