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tangible assets in the sectors of real estate and renewable energy. In addition, the Company continuously manages down its OPEX throughout the period to minimize spending

. Lockdowns were enforced in many countries and some subsidiaries had to shut down its operation temporarily in Q2/2020. Customers’ orders also decreased, and shipments were postponed. However, the

) Total 843.58 1,478.27 (634.69) (42.9) 1.3 Explanation of sales revenue The decline in sales revenue was largely due to the impact of Covid-19 pandemic which slowing down the economy, hence impacting motor

Vehicle Solutions after a short period drop down in Q2 Selling and administrative expenses (including research and development – R&D) in Q3’20 still keep close to Q3’19 and Q2’20. Operating profit in Q3’20

2019 because the major customer which is Siam Commercial Bank (SCB) has slowed down the use of such service due to the pandemic of COVID-19 that make it difficult to get into customer’s work place and

reason is the lower revenue from the slowing down of construction plans of some customers. Thus, making the construction and revenue recognition not possible. The economics also slowdown dueto the COVID-19

same period of year 2019 or 4 5 . 8 4 percent decrease. The main reason is the lower revenue from the slowing down of construction plans of some customers. Thus, making the construction and revenue

or 38.06% from Baht 85.18 million in the corresponding period of the previous year, leading gross profit margin to edge down from 61.99% to 57.16% over the said period. This stemmed from a boost in