Microsoft Word - 62-17_Eng_Explanation of the business profit for the quarter 2-2019.DOC FANCY WOOD INDUSTRIES PUBLIC CO., LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Microsoft Word - 61-12_Eng_Explanation of the business profit for the quarter 2-2018.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Plc. would like to inform the financial results for the year ended 2017 . The Company and its subsidiary reported a net profit of THB 233.25 million or earnings per share of THB 0.24, comparing to a net

% Revenue from service incomes 0.49 0.42% 0.51 0.44% 0.02 3.86% Revenue from rental incomes 0.70 0.60% 0.63 0.54% (0.07) -10.66% Total revenues 116.70 100.00% 115.48 100.00% (1.22) -1.05% Gross Profit

when marginal benefit of the capital investment equals its marginal cost. Myers & Majluf (1984); Fazzari et al. (1988) AGENCY FRAMEWORK Market frictions, e.g. informational asymmetry, cause moral hazard

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2019 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2019 Year 2018 Year 2017 1

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2017 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2017 Year 2016 Year 2015 1

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2018 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2018 Year 2017 Year 2016 1

incomes 2.87 0.65% 2.90 0.74% 0.03 0.89% Revenue from rental incomes 2.44 0.55% 2.63 0.67% 0.19 7.26% Total revenues 444.32 100.00% 393.34 100.00% (50.98) -12.96% Gross Profit / Margin 121.70 27.39% 99.52