25.2% because the Company has begun to increase production through the opening of new factory. Resulting in lower production costs per unit. The Company’s other income THB 2.5 MB and THB 4.1 MB Q3/2020

lower. This was effecting in decreased in number of shareholders’ equity by Baht 547.38 million. The operating result of the Company and its subsidiaries in the year 2019 showing a loss resulting in a

Company as at March 31, 2020 In this regard, as the shareholdings of other connected persons in IRSL (approximately 35.50%) are lower than the shareholdings of IVL and its subsidiary in such entity

assets of 153.38 million baht, most of which were trade receivables amount of 105.64 million baht due to lower sales from the COVID-19 situation. Next, the inventories decreased by 81.46 million baht due

ratios stood at 70.66% and 67.09%, respectively. The lower ratio on a period-on-period basis was attributable to the Company having fixed costs effecting the revenue. Other Income The other income amounted

Baht or net profit margin of 6.25%. This decrease resulted from Baht appreciation against other currencies, therefore, the Company recognized lower revenue, profit and profit margin. Thus, the company

of identifiable assets acquired and liabilities assumed, and the consideration paid, the consideration paid is lower than fair value of net assets transferred. As a result, the Group has gain from

million, increased by THB 0.61 million or +4.39% YoY due to the increase in profit before income tax expense. However, the growth rate of income tax expense is lower than the growth rate of profit before

adequate working capital for future developments in accordance to CPNAs expansion plan and stronger financial position with higher liquidity as well as lower interest payment. 8. The opinion of the Board of

to the public prosecutor for filing a lawsuit in the Civil Court to seek the maximum applicable civil sanctions, which shall not be lower than those specified by the CSC.   In all cases, the civil