million baht, increasing by 10% y-y. However, the Company was able to control the operating and administrative expenses representing 39% of total revenues, which was lower than previous quarter at 40% of

this lower gross margin in 2019. However, The company believes that this investment would be a key factor for competitiveness enhancement in the long run. Selling and administrative expenses Selling and

raw materials used in production was lower than the year 2018. 6. Cost of installation of pipes for the year 2019 was 89.75% of income. The cost per income rate decreased from the year 2018 which was

the Company under the Debt to Equity Conversion Scheme”). Since the said conversion price is 58.89 percent lower than the market price, such offering of the newly issued ordinary shares of the Company

The Group has net profit increased amount Baht . million or . per cent when compared with the same quarter of last year. As a result of the higher total revenue combined with lower overall operating

transferred in this quarter, having lower land and construction costs. Utilities & Power Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 500.2 495.7 (4.5) (0.9%) Gross Profit 205.4

30-Jun-17 MB %    79.5 1 35.0 0 467.1 10 0.0 0 160.1 3 299.4 77 104.3 2 of 2017, the al statemen million baht f 2017, the ofit margin sing in rev Company di e to the sam econd quart ercent lower

June 2017 and 2016 were THB 11.42 million and THB 12.49 million or equivalent to effective tax rate of 17.67% and 19.32% respectively. The reason for the lower in percentage of tax expenses to profit

lower than the price that has been valued by Adjusted Book Approach method. 7. Conditions of Transaction The ownership over Leyland’s ordinary shares from the Sellers shall be transferred to the

is lower than in the six-month period of 2015 due to usage of construction costs based on the progress of work. 4. Expenses 4.1 Selling expenses For the six-month period of 2016, selling expenses