revenue in 2018 from about 41 rai of land title deed transfer while it had only THB 45.06 million of revenue from about 15 rai of land transfer in 2017. ▪ The higher increasing rate of the cost of

previous year Baht 4.6 million. The main reason resulted from gains on exchange rate increased Baht 3.1 million against the previous year’s loss income was Baht 4.8 million which classified into

reason of increasing in gain from exchange rate. 1.2 Cost of goods sold and expenses Consolidated financial statements (Thousands Baht) Nine-month Change 3nd Quarter Change 2562 2561 Amount % 2562 2561

compensation rate for employees who have more than 20 years of work from the original 300 days has been adjusted to 400 days; approximately 57.53 million baht, and the Company’s Voluntary Retirement project

of the previous year due to the Company needed funds to support project, therefore, increased external borrowing and overdraft with a relatively high interest rate. - At the end of the year of 2019

business operations of the Company, such as gains from exchange rate, interest income, and bad debts received afterwards. For the year 2019, the Group has other revenues totaling 115 Million baht increased

Margin Gross profit margin decreased from 37.91% in 2018 to 35.47% in 2019. This is because the customers’ purchase orders had declined, and as a result, the overall utilization rate was lowered, along

delivery charge. 5. Cost of sales of pipes for the year 2019 was 88.15% of income. The cost per income rate decreased from the year 2018 which was 91.56 percent of income. The major reason was the cost of

Company’s and its subsidiaries’ operation as well as impact the averaged higher interest rate as compared to the previous year. 5. Net Profit For the year 2019, the Company’s net profit was USD 10.97 million

, or equivalent to THB 4,275,683,281.33, by way of the Allocation and Offering of the Newly Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme. Remark - The exchange rate