Dollars. The Company reported total expenses of Baht 398.4 million, decreased by 16.5% compared with QoQ, mainly due to operating expense management and lower shutdown expense. As a result, the Company

gain in Total revenues and lower expenses, details as follow. Revenues from sales increase from Baht 9.66 million for the three-month period financial statement ended March 31, 2017 to Baht 11.70 million

compared to the same period last year which is generally the result of the following:  Cost of hotel operations decreased by Baht 18 million which is in line with the lower hotel revenue.  Cost of property

the same period of the previous year by 3.83 million Baht and 12.38 million Baht respectively, due to the lower sales caused by the depreciation of Thai Baht and intense competitive situation in foreign

year, mainly caused by significantly lower revenues from Security Document Solution and Card Solution. Gross profit was THB 424.1 million, a decrease of THB 108.8 million or 20.4% from the last year

prices (sweet corn), canned prices, which are an important proportion of costs. and the production volume was lower than the same quarter of the previous year. Gross profit The company has gross profit of

decreasing 20%. Sales revenues from the IC divisions were 7% lower in Q119 with Ayutthaya sales decreasing 6% and Jiaxing IC sales decreasing by 9%. The Microdisplay division sales decreased 26% in Q119

 IC divisions were 1% lower in Q219 with Ayutthaya sales decreasing 2% and Jiaxing IC sales increasing by 8%. The Microdisplay division sales increased 14% in Q219 compared to Q119.    Sales Revenue

represents decreasing of 34 Million Baht (2,642%) from Q1/2017. The main cause for the lower net profit is economic in Thailand just recovery, and there is a delayed effect before reaching down to

Million Baht (56%) from Q2/2016. The main causes for the lower net profit are economic in Thailand have not yet recover and intense competition. Discussion and Analysis of the Company and its subsidiaries