equipment in line with the import of capital goods which partly stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure

sales 191 345 1,130 491% 227% 1,566 1,833 17% Total cost of operations 4,261 4,558 4,978 17% 9% 16,463 18,087 10% Selling, general and admin expense 1,875 1,637 1,945 4% 19% 6,114 6,839 12% Operating

(decreased) 2018 2017 Amount % Total revenues 820.40 815.31 5.09 0.62 Total expenses and finance cost 799.70 782.71 16.99 2.17 Share of profit from investments in associated companies 84.23 10.55 73..68 698.45

) Description For the year ending 31 December Year Increased (decreased) 2017 2016 Amount % Total revenues 815.31 791.94 23.37 2.95 Total expenses and finance cost 782.71 762.13 20.58 2.70 Share of profit from

under investment promotion schemes granted expenditure reduction around 1.5 times. However, the expense on the increasing number of kiosks does not frequently happen on account of a long-term investment

that bolstered purchasing power. Government expenditure also plays important role in sustaining the economy with fixed expenses continuing to expand in comparison to the same period last year, especially

from the same period of last year at 16.83% due to the declining in sales but the Company still had fixed cost. Moreover, the depreciation was higher from machine acquisition and plant and equipment

synergies of the acquisition contributed to the growth in revenue while variable cost synergies (particularly on fuel specific consumption optimization) contributed positively to consolidated EBITDA

. Decrease in cash, cash equivalent and short-term investments of THB 1,050.7 mm, which was mainly from higher capital expenditure, align with the Company expansion. 5. Decrease in cost of real estate

17.36% down from 2017 due to higher operating expense from new further processing factory which was not reach target utilization in the first half of 2018. Financial Cost Financial costs of the group