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

of time and at a higher rate than other currencies in competing markets, especially China. Despite the increase in raw material price and the baht’s strengthening, the Company was capable to maintain a

was 13.05 million baht increased from Year 2016 at 9.69 million Baht due to higher in metal price and interest rate. 5. For the year 2017 there were other revenues of 5.88 million baht and loss on

% compared to last year. Room revenue was higher than last year by Baht 20.7 million or 2.4% due to occupancy rate increased. Food and beverage revenue increased by Baht 67.0 million or 7.5% mainly from higher

/2019. The reason was higher volume in customers’ order and online sales starting from late 2018. The Group of Companies has other income of THB 2.57 million in Quarter 1/ 2019, from THB 2.11 million in

THB 164m in Q1 2019 from THB 343m in Q1 2018. Net Profit decreased 45% to THB 303m in Q119 from THB 553m in Q118, due to higher costs due to increased capacity in Q119 compared to Q118 and THB

. 3. Selling and administrative expenses increased from the same period of last year to 20.45 million Baht while Finance costs increased to 6.5 million baht due to higher in borrowing and higher in