- Warrant-2. Financial Costs (Interest Expenses) In 4Q17, the Company incurred Bt126mn of financial costs, increased by 89% YoY and 7% QoQ, mainly from the convertible bonds issued in July 2017. Financial
gross profit margin. Operating Results and Capabilities to Make Profit Performance from revenues, costs and expenses which has significant impact in Q3-2019 can be shown in the following table: -2
year. This was due to the administrative expenses related to the bad debt reserve of personal loans decreased as well as control costs to be appropriate for the size of the subsidiary's business, causing
Costs - - 9.35 72.09 Administrative expenses, impairment finance costs and share of loss from associates 28.78 484.51 15.59 120.20 Management benefit expenses 5.21 87.71 5.78 44.56 Profit (Loss) before
services revenue 41.68 43.82 (2.13) (4.87%) Construction revenue under Concession Agreements1) 60.64 55.33 5.32 9.61% Costs of Sales and Services 619.77 557.14 62.63 11.24% Raw water cost 291.60 247.94 43.67
fuel costs have decreased, and our SG&A is significantly down year on year -24% as we focused on reducing costs in order to compensate the challenging market conditions. Going forward we continue to seek
production cost and selling expenses. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2017 Year 2016 Increase / (Decrease) Million Baht % of Total
increase in product sales volume of 8.15 percent and increase in raw material cost, salary and benefits of the employees, gas expenses and repair and maintenance expenses. Cost of services was Baht 216.88
increase in transportation cost of Baht 5.47 million. (2.3) Selling and Administrative Expenses Description Year 2019 Year 2018 Increase / (Decrease) Million Baht % of Sales Million Baht % of Sales Million
revenues 3,978.12 3,261.44 716.68 22.0 Cost of sale and rendering of services (excluded Fuel Cost) 1,302.41 1,284.73 17.68 1.4 Administrative expenses 396.63 359.70 36.93 10.3 Finance costs 374.40 361.62