expenditure of state enterprises is likely to expand, which will be a key player to stimulate the economy in the long term. In Q2–2020, the company’s total revenue slightly decreased form Q1–2020, representing
because in Q3-2020, an allowance for expected credit losses on long-term receivables was recorded and there was also a directors' bonuses expense, which has been approved at the shareholders' meeting on
partially offset by lower production and delayed price adjustment of raw material price increases in the Portugal operations. Selling and administrative expenses increased from Baht 397.06 million in Q4 2020
quarter of year 2022 4 the delayed impact from price adjustments were recorded in Q3 2022 (3 months) leading to improved Gross profit margin for Q3 2022 (3 months). Selling and administrative expenses
of investments in associated companies and the result of associated companies’ delayed revenue recognition due to the delay in delivery of work. Consequently, in 6M2023, share of loss of investments in
% YoY. This was mainly due to the Company’s amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue
and constructions of new housing projects have been delayed. Except for product sales through small to medium sales representatives, which are located throughout the country, that could still open for
expansion due to ongoing recovery in private consumption and the tourism sector during the festive season, despite delayed government budget disbursement. Overall, AIS reported core service revenue of
geographies. This performance reflects strong demand for our products, structurally higher margins and utilization rates, and the results of our long-term investment strategy. The business remains focused to