addition, the Company efficiently managed the selling, general and administrative expense and funding cost. 6 2. Financial Status Statement of Financial Position February 28, 2019 February 29, 2020 Change

company’s income from design and distribution of boat and minibus made by aluminium for the year2018, which is the first year of investment in the amount of Baht 20.89 million. 2. The company’s cost of sales

goods 167.64 153.36 14.28 9.31 Revenue from project works and services 80.96 67.18 13.78 20.51 Total Revenue from Sale and Services 248.60 220.54 28.06 12.72 Cost of sales of goods 118.22 112.99 5.23 4.63

, the net profit margin has dropped slightly mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new factory building in Q1/2018. Depreciation

million, 7.5% down from the same quarter of last year mainly because of the significant appreciation of THB/USD cause material cost increase in term of THB which has resulted in higher cost of goods sold

19.62 180.80 42.38 Other income 17.25 20.62 80.81 75.81 EXPENSES (1,347.43) (1,155.05) (2,599.49) (2,437.85) Cost of sales and services (1,132.81) (1,012.02) (2,245.32) (2,173.34) Cost of sales

has dropped slightly mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new factory building in Q1/2018. Depreciation increased THB 20.15

the same quarter of last year, but the price adjustment was not immediately possible. Labor costs have increased due to the minimum wage adjustment in April. In addition, the cost of depreciation

& Admin. Expense 217,667 164,859 52,808 32.03 Finance cost 70,310 51,060 19,250 37.70 Gross profit 416,712 227,598 189,114 83.09 Net profit 126,434 24,017 102,417 426.44 Gross profit margin (%) 31.29 33.73

11.76 million. As the company started to generate revenue from commercial biomass fuel sales in Q2/2018. 2. The company’s cost of sales and services in the amount of Baht 354.49 million or 81.32 percent