) million, due to the group gaining profit from exchange rate in 2017 from the imported solar cells for the solar energy business, but no gain in 2018. Selling and administration expenses Selling expenses

of the year. However, the gross margin in the middle of 2019 will receive a positive effect from seaweed price and exchange rate; thereby the costs of main raw materials will be reducing by more than

or 2.37% decreased from last year’s which was higher than the sales dropping rate resulting from the upward gross profit margin of 2018. The gross profit in 2018 was increased from Baht 247.3 million

higher occupancy rate. - Revenue from Overseas Hotels was up by 5.3% yoy despite an adverse impact on the translated financial statements from foreign currency exchange due to Thai Baht appreciate against

loss rate increased from the year 2018 due to the decrease of the total revenue of the company while having higher administrative expenses as mentioned above. Financial Statement for the ended of 30

for exchange rate by forward contract. Please be informed accordingly, Yours Sincerely, (Miss Valarlak Ngamchitcharoen) Managing Director

managing cash to invest in both short-term and long-term investments. And gain from exchange rate. • Selling expenses for the year 2019, is at 21.2% of revenue from sales while in 2018 is at 21.3%, increased

rate relative to sales in China during the period between November-December. The Company has a gross margin for the year 2019 in total of 1,480.3 million Baht or equal to 28.1 percent of the sales

transaction also shows that the company has ability to faster the collectable payment periods from customer and faster turnover rate of inventory. 1.2 Non-current asset as of December 31, 2019 with amount of

and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code