continued to grow well by c.20%.  Net profit in Q2/2017 was Baht 61 million, a decrease of 57% YoY due to 1) higher cost per unit resulted from lower capacity utilization; 2) higher depreciation resulted

19.55% to 16.17%. due to the price of natural rubber, which is the main raw material cost for production, was higher than the same period of the previous year. For the six-month period of 2017, the

material cost for production, was higher than the same period of the previous year. For the nine-month period of 2017, the Company's profitability decreased from the same period of the previous year as well

asset rules, investment rules with higher level of diversification and reclassifications of funds to better reflect investment risks on the basis of exposure to net asset value instead of investment value

of OSK Investment Bank Berhad, Malaysia (OSKIB) in purchasing shares of BSEC from BFIT with the offer price significantly higher than the market price, thus requiring OSKIB make a tender offer for

higher than the average of PCB suppliers. In addition, the company realized a gain of Bt65.7 million from its previously-held equity interest in an associate (KCE America, Inc.) prior to its change in

maintenance and higher fuel costs. We are confident that the operational improvements made will allow us to grow sustainably in the final quarter of 2017 and into 2018.” 2. Outlook With a pickup in global trade

881 www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2019 2 Total revenue grew by 11.1% year-on-year, driven by higher sales from the automotive parts segment. Interest

due to higher freight rates and higher number of shipments compared to the same period of previous year. Financial Cost In the three-month period ended 30 June 2017 and 2016, total financial cost of the

result, sales expenses was higher than the same quarter in 2016 at Baht 11.16 million. Advance Prefab Co., Ltd., the precast concrete products manufacturer, completely established its plant and has started