majority of selling expense was sale personal expenses and logistic expenses. This year, the Company and its subsidiaries have no obligation to reserve doubtful debt as in the first quarter of the previous

-20.0% Doubtful debts from the voiding of contract 320 - 100.0% Finance cost 21 19 9.5% Net profit -236 113 308.5% In overall, the Company and its subsidiaries have a net profit in the year 2017 of -236

shown below: (Unit : Million Baht) 2017 2016 Change Revenue 837 849 -1.4% Gross profit margin 293 342 -14.3% Selling Expenses 80 96 -16.7% Doubtful debts from the voiding of contract 320 - 100.0% Finance

Limited and its subsidiary for the first quarter ended 31 March 2018 represented a loss before the provision for doubtful accounts of Baht 3.72 million. Inclusive of the provision for doubtful accounts of

recognized doubtful account increased amount of 856.74 million Baht from the same period last year which is estimated from unpaid debtor. Such estimation are based on the Company’s regulations related

Baht 152 million; an increase of Baht 115 million in terms of loss compared to 2018, which had a net loss of Baht 37 million. In line with contractual obligation, the company was obliged to deliver the

management is more concise and cost control is based on estimates. 2. Allowance for doubtful accounts (transfer back) (2.27) with last year at (69.68) million baht which decrease 67.40 million baht or (96.73

due to the increased of machine repairing expense and legal & other consulting fees. In addition, the company has recognized doubtful account increased amount of 241.80million Baht from the same period

holds 49.71%) mainly caused by a decrease in revenue from mark-to-market price of investments, and an increase in expense from post-employment benefits obligation. The operating results of KT ZMICO for