the same period the previous year. Selling expense, such as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of

increased Y-o-Y mainly because of an adjustment of staff costs and retirement benefits and an increase in R&D expense. Net Profit The Group reported a consolidated net profit of Bt424.8 million in 1Q20

higher than the first quarter of 2019 19.4%. This was because of an increase in employee expenses and expenses related to the insurance business. The Company’s gross profit for the first quarter of 2020

compared to the same period of 2019. This was mainly because the Company focused on costs control and there was an increase in employee benefit provision of Baht 46 million in the second quarter of 2019

revenue from sales. The company has a higher gross margin comparing to the same period from 15.5% to 23.4% because the company is able to manage production efficiently from the opening of new factories

is not able to increase the selling price in the current economic conditions. The company has a higher gross margin comparing to the same period from 10 .4 % to 15 .5 % because the lower cost of the

Company’s other income were THB 2.85 million, decreased by THB 4.80 million or equivalent to 62.75 percent compared to the same period of last year. Because in 2019, the Company using the cash received from

base compared to the same period of last year, Revenue from project work and services decreased. Because such income depends on value of fire fighting contractor projects each year. Gross Profit and

profit before income tax because high proportion of the increase in profit before income tax expense was derived from subsidiaries’ promoted operations, which were exempt from corporate income tax. Profit

quarter of 2017 accounted for 12% of total revenues, slightly decreased from 13% in the previous year. This was because the Company’s policy is to manage liquidity risk and interest rates fluctuation risk