% from the same period last year. Essentially, the Company’s gross profit margin significantly increased from 37% in 9M18 to 42% in 9M19, representing higher gross profit margin from Residential business

-term employment benefits of 400 days scheme at 6.20 million Baht and the production capacity is not full efficiency, as resulted decrease in gross profit margin from 7.65 percent for the year of 2018 to

in 2018, with Net profit margin at 17.60% in 2019 compared to 17.91% in 2018. Details of the management discussion and analysis as follow: Income Statements 2019 Operational Performance The Company

underestimation of workload on major projects, which cause the loss at the contract profit margin level. One reason for net loss is because of the lower prices for these projects which were awarded during Q4/2017

-56% Total revenues 229.15 268.08 -38.93 -15% Cost of sales and services 180.27 187.61 -7.34 -4% Gross profit 48.37 79.30 -30.93 -39% Gross profit margin 21% 30% SG&A 49.48 49.34 0.14 0% EBITDA 30.38

Company and its subsidiaries had gross profit margin of 13.53 percent compared with gross profit margin of 13.29 percent in the same period of the previous year. The higher gross margin was due mainly to

revenue of Baht 52.9 million which decreased of Baht 9.2 million from Q2/2016 due to decreasing of pork price about 14%. Page 2/….. - 2 - 2) Gross Profit Margin (GPM) in the second quarter 2017 was 30.2% or

customers' needs across multiple paths. The situation improved in the second quarter. The 2017 gross profit margin for the first six months of 2017 increased 13.66 million baht from the last year, or 18

result, our 2Q2017 EBITDA stood at Baht 863.0 million, compared to Baht 407.4 million in 2Q2016, or a 111.8% growth YoY. EBITDA Margin improved from 66.0% in 2Q2016 to 77.1% in 2Q2017. Our Net Profit

twork Serv he financial second qua or, the resu ance he Compan ancial state econd quar ng of net p eceivables. which was h margin stoo from collec be describe bts n of eivables ed income 017 cussion and