Microsoft Word - 60-10_Eng_Explanation of the business profits for the quarter 2-2017.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Microsoft Word - 62-10_Eng_Explanation of the business profits for the quarter 1-2019.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT 84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Microsoft Word - 62-10_Eng_Explanation of the business profits for the quarter 1-2019(edit).doc FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT 84, SUKSAWAT RD., PRASAMUTJADEE

Microsoft Word - 61-06_Eng_Explanation of the business profits for the quarter 1-2018.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT 84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

reported earnings objective - to avoid loss - to increases in annually earnings - to meet analysts’ earnings forecasts 4 Motivations to Manage Earnings Internal factors External factors Firm’s

interest of our members. Principle 3: Oversee asset managers to make informed investment decisions and engage in active ongoing monitoring of investee companies. Investment decisions should take into account

Income as of 2018 to 2017 per following table: (THB) Million 2018 2017 % Change Total Revenues 538.96 559.95 (3.75) Total Expenses 488.86 501.54 (2.53) Shares of Profits 26.72 47.22 (43.41) EBT 76.82

of first quarter of 2019 per followings: (THB) Million 1Q19 1Q18 Total Revenues 132.76 142.87 Total Expenses (122.52) (132.23) Shares of Profits 6.95 12.70 EBT 17.19 23.34 Net Profit 14.93 19.56 Total

Income for the year 2019 per following table: (THB) Million 2019 2018 Change %Change Total Revenues 531.73 538.96 (7.23) (1) Total Expenses (497.06) (488.86) 8.20 2 Shares of Profits (Loss) (46.23) 26.72

as of second quarter of 2018 per following table: (THB) Million 2Q18 2Q17 1H18 1H17 Total Revenues 126.04 134.25 268.92 269.05 Total Expenses 112.28 120.19 244.51 244.87 Shares of Profits 4.59 11.96