transportation costs, food quality improvement, as a result of profit margin in 2017 totalled Baht 933.44 million dropped from 2016 amount of Baht 120.66 million or 11.45% and gross profit margin decreased from

million or increase 396.0%, due to production efficiency improvement and gain from sale on flexible packaging 3. Selling expenses In Q1/2018, the selling expenses was Baht 2.63 million compare with the same

in associate decreased by Baht 20.7 million Property, Plant and Equipment decreased by Baht 20.0 million Cost of rubber plantation increased by Baht 2.3 million Liabilities Short-term loans from

Performance The Company reported Revenues from hospital operations of Baht 413.43 million, a 46.92% improvement year-over-year from Baht 281.40 million in 6M18. This was mostly due to an increase in revenues

operations of Baht 469.53 million, a 20.68% improvement year-over-year from Baht 389.05 million in 9M17. This was mostly due to an increase in revenues from Inpatients, Outpatients and IVF patients. The

its subsidiaries’ total gross profit were Baht 32 million which increased from the same period of previous year by Baht 2 million due to improvement of cost control. (4) Administrative and Selling

Revenues from hospital operations of Baht 662.30 million, a 41.06% improvement year-over-year from Baht 469.53 million in 9M18. This was mostly due to an increase in revenues from Inpatients, Outpatients and

Baht 60 million, loss decreasing from Q4/2018 that recognized net loss Baht 143 million. Greater performance resulted from efficient process improvement as well as selling and administrative expense

in a complete stoppage of the plant. Using this opportunity, the Company preponed its Annual Maintenance Shutdown, which was earlier planned for May, 2019, by working strategically to align all

value measured from net assets acquired in proportionate holding on GLOW’s shares PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Operating performance by plant in Q2/2019 The company’s gross