increase in volumes due to the additional seventh kiln will positively impact revenue however higher fuel prices will negatively impact on the cost side. Golden Lime Public Company Limited 3 MANAGEMENT
in such a way to improve overall performance. On revenues side the Company is on process of working together with leading telecommunication operator to expand SIM card distribution and other services
the first time. The economics of scale has already improved and the synergetic effect between both companies will increase throughout 2019 particularly on the fixed cost side. EBITDA in Q1 2018 improved
forecast some of the factors that contributed to our over performance in the first half to ease towards the end of the year we look forward to a strong H2. On the cost side we face some headwinds in variable
mitigated by stronger sales of new product and also export markets. On the costs side SG&A increased by 11% however this was largely due to one shot impacts for investment projects that will materialize in
down 70kt or 17% year on year. On the positive side EBITDA per tonne increased 1% and as fuel is expected to reduce in 2020 the trend is encouraging. On the costs side SG&A decreased by -5% as a focus on
expectations. On the cost side a major external factor was the change in Thai legislative environment, which made it necessary to build major additional retirement provision in Q2. On top of the external factors
performance on the positive side was the higher volumes (due to both market demand and the acquisition of Saraburi Quicklime) which was the main driver behind a nearly 50% increase in revenues compared to Q3
competitiveness of industry peers is under pressure by the very strong Thai Baht, resulting in repatriation of capacity allocation. On the upside we addressed the market weakness with savings on the cost side, our
ทรัพย์สินที่ลงทุน (asset fired sale) และไม่ท่าให้กองทุนเหลือแต่ทรัพย์สินที่มีคุณภาพต่่าให้กับผู้ถือหน่วยฯ ที่ยังลงทุนกับกองทุน เคร่ืองมือในกลุ่มนี้ เช่น redemption gate, side pockets, redemption in-kind หรือ