came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high

Page 1 of 9 Management Discussion & Analysis Q1/2024 Executive Summary 1Q2024 Financial Summary Financial performance of Advice IT Infinite Public Company Limited and its subsidiaries, as per the

or 22.94% from the same period of last year. This is result increasing in sale quantity around 20% from the same period of last year. 3. Gross profit margin was 2.61% of Revenue from sale and service

62.08 million. Compared to the same period of 2018, the loss was Baht 131.73 million, increasing of 52.87%. The Company would like to clarify significant changes in the Group’s operating results as

%. However, the company's business is still growing at about 1.50 percent. Therefore, the company has a policy of increasing business opportunities and expect to become a distributor for the additional channel

continuous decline in global HRC prices and concerns about the growing spread of global epidemic of COVID 2019 towards the end of 1st quarter of 2020. This also resulted resulting in slowing orders from

million baht or 30.55%. The increase from the revenue from services by the Company, as a result of continue increasing demand of Non-Destructive testing service from construction and fabrication sector. And

. This is result from the world steel price trend increasing from the same period of last year. 2. Cost of goods sold and service was Baht 1,853.02 million, increased Baht 283.60 million or 18.07% from the

same period last year by 18.76 million Baht or 20.78%. The increase from the revenue from services by the Company and subsidiaries, as a result of increasing demand of Non-Destructive testing service

last year. 2. Administrative expenses were Baht 92.09 million; increased Baht 16.71 million or 22.17%. This is result from increasing provision for retirement benefit under new labor law and increasing