4.22% up from 2Q2016. The Consolidated SG&A expenses increased since higher freight cost from higher export volume and increasing of transportation cost comparing to 2Q2016. The consolidated SG&A

manufacturing and selling of brake calipers and housings, differentials, suspension, and engine parts. SP has a capacity of 90,000 tons per year and is a Tier 1 and 2 Automotive Parts Supplier. Date of

S.A. (“SP”) Business Characteristics SP, located in Maia, Portugal, engages in the manufacturing and selling of brake calipers and housings, differentials, suspension, and engine parts. SP has a

MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade

implementation was much less response from business sectors, because there are limit number of B20 distribution stations and business sectors concern the side effect to engine from using B20. Department of Energy

several hotels from a refurbishment program for performance uplift and the cease of operation of Dusit Thani Bangkok (which is the key revenue engine to the group) on 5 January 2019. Aiming to maintain

as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating

amounting to Baht 75 million and increased by Baht 11 million YoY or 17% due to the increase in sale volume partly offset by reduction in freight cost due to reduction in fuel prices. 4. Administrative

since lower freight cost due to lower export volume comparing to 2Q2019. The consolidated SG&A expenses in 2Q2020 were 9. 89% of revenue from sales, increased from 7.62% in 2Q2019. The consolidated SG&A

(Housing) ชดุเฟืองท้าย (Differential) ชิ นสว่นระบบกนัสะเทือน (Suspension) และชิ นสว่นเครืองยนต์ (Engine Part) โดย มีขนาดกําลงัการผลติ 90,000 ตนัตอ่ปี และจดัเป็นผู้จดัสง่ชิ นสว่นยานยนต์ระดบั และ 2 (Tier 1