same quarter of last year due to controlling the purchase resulted in a decrease in accounts payable of Baht 8.14 million and settle loans from third parties and long term loan. The shareholder’s

wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2018 2017 2016 Increase (decrease) 2018-2017 1.1

services were decreased by the same direction of the revenue. The sales expenses amount 39.71 million baht in Quarter 3/2018 compared to Quarter 3/2017 amount 43.20 million baht or decrease by 3.49 million

million improved by THB 30.54 million or 8.87% ( 2017: THB 344.31 million) resulting from higher revenues from HR solutions but slightly affected by the decrease in revenue from Financial Solutions HR

the production slowdown of several steel mills and smelting works in China regarding to pollution’s problem solving. 3. Decrease in conversion cost rate around 0.68 comparing to last year. 4. Increase

associated company can decrease the cost from this investment. From this joint investment, Thippayabadin Company Limited can growth in revenue and profit. So, Ramkhamhaeng will receive benefit come back in

decrease in gross profit margin from 6.61 percent for the third quarter of 2018 to 9.63 percent for the third quarter of 2019. - Other income decreased 60.35% from the same period of the previous quarter due

%. Revenue from services In 2019, the Company and its subsidiaries had revenue from services equal to 182.37 million Baht, comparing to 195.86 million Baht in year 2018, a decrease of 6.89%. Cost of services

spare part and equipment. Net loss, cause from the epidemic of COVID-19. Steel demand decrease and lead to price reduction. The difference between selling price and raw material cost per ton (Metal spread

the same period of the previous quarter. Due to the decrease in exchange rate profits. - Selling expenses decreased by 18.99% from the same period of the previous quarter. Since in the first quarter of