profit of feeds was lower than the previous year which decreased by 13 million baht, due to, mainly from the lower revenue from feed sales and the higher cost of raw material. Moreover, the other income

set-q4-61 (Translation) Ref.No.LEE 02/2019 27 February, 2019 Subject : Management Discussion and Analysis for the year ended December 31, 2018 To : President of The Stock Exchange of Thailand We

21% Corporate income tax 8 - 10 - 18 -180% 10 - 2 12 -600% Earnings (Loss) for the Period - 183 - 14 - 169 1207% - 115 - 9 - 106 1178% Non controlling interest 3 3 - 0% - - - 0% Net Earnings (Loss

) (109) 27 -25% (75) (75) 0 0% Finance cost - Interest expenses (11) (11) 0 0% (7) (8) 1 -13% Corporate income tax 3 (8) 11 -143% 6 (7) 13 -176% Earnings (Loss) for the Period 19 (50) 69 -138% (6) (30) 24

-138% (0) (22) 22 -98% Non controlling interest 1 1 (0) -17% - - - 0% Net Earnings (Loss) 14 (39) 53 -134% (0) (22) 22 -98% Sales and service income Revenue from sales and services of the company in the

% (8) (8) - 0% Corporate income tax (2) (1) (1) 100% - - 0% Earnings (Loss) for the Period (19) (88) 69 -78% (51) (63) 12 -19% Sales and service income Revenue from sales and services of the company in

4.86 Total income 7.58 16.88 Net profit (0.27) 0.99 Earnings per share (Baht) (5.55) 20.38 Book value per share (Baht) (139.56) (91.74) 7. Criteria used to determine value of compensation Total

-13 -11 2 19% -8 -7 1 15% Corporate income tax 14 -2 -16 -800% 15 -1 -16 -1,600% Earnings (Loss) for the Per iod -38 -24 14 59% -22 -25 -3 -12% Non controlling interest 1 - 1 100% - - - - Net Earnings

economic situations leaded to the Company gained revenue from sales and services for the year 2017 amounting to 459.26 MB. And it is expected that measurement to support the earners with lower income of the

% 8,237,218 100% 7,076,230 100% 4,654,836 100% (Unit : Baht Thousand) Statement of income 2014 % 2015 % 2016 % 3Q - 2017 % Revenue from sale and services 2,827,711 96% 3,014,590 95% 2,097,393 96% 1,305,374 96