three months period ended 31 March 2018 and 2019 was THB 101.00 million and THB 54.04 million respectively, equivalent to a 46.50% decline. Cost of goods sold to sales revenue ratio slightly dropped from

. Such dropped was from more used in raw materials in this period which was in accordance to the higher demand in the Company’s products. As of March 31, 2019, the Company and its subsidiary had an

sales dropped from Baht 361.34 million in 2019 to only 289.18 million in 2020 or decreased by 19.97 %. This is a result of a 30 % decline of Thailand Automotive production. Export sales to South America

of Baht 50.32 Million, which gross profit margin of 8.22%. A few dropped comparing with Q1/2019 was total of Baht 46.10 Million, or gross profit margin of 11.13%. The main reason is improvement of

Champasak district, Lao PDR, of Xepian Xe-Namnoy Power Company Limited (“PNPC”), a joint venture which the Company holds 25 percent stake, collapsed. The Saddle Dam fractured which caused the water to flow to

. Sales in 1Q18 represented new prices for delivery that took effect in January 2018 with an effective markdown of nearly 2%. Cost of Sales and Gross Profit The profit margin in 1Q18 dropped Q-o-Q and Y-o-Y

increase in revenue. However, the gross profit margin has dropped from the previous year mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new

hedging at Baht 1.8 million. Other income from mold supplier, sales of scraps and obsolete equipment reported at Baht 3.2 million. Gross profit margin was dropped from 33.4% to 32.2% due to long aged

% from 2018, corresponding to the increase in sales. • However, gross profit margin in Q4/2019 dropped by 0.5% from Q4/2018 and by 2.1% from 2018. • The decrease in gross profit margin was mainly from the

season from El Nino effect. These affected to CPO-DIT reference price in quarter 2/2017 dropped to 25.84 Bt/kg from 30.78 Bt/kg in quarter 1/2017 and decreased from 33.90 Bt/kg in quarter 2/2016. As a