and increase FN brand equity in a long run. For the proportion of other income to total revenue, the Company was able to maintain proportionate compared to previous period. The Company targets to expand

last year. However, the Company has expanded market to industrial sector and household sector in order to maintain overall LPG volume, resulted in increased LPG sold to industrial sector 55.26% and to

investment that the Company has deposited with the financial institution. After the Company grants the loan to JAS, the Company shall still be able to maintain a sufficient amount of working capital. 7

Company Limited 5 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2020 made to maintain the price despite competitive pressure which remains. The engineering business while still a slight drag

Holder, the Company is required to maintain the Net Debt to Equity ratio at the rate of not more than 2.5: 1 at the end of the quarter and year end period. In which the Company held the meeting of

level. We also had to cut costs in all areas, suspend our investment plan and reserve cash to maintain a strong finance position during the crisis. Cost of Sales and Gross Profit The gross profit margin

business. The company is able to maintain current customers, nevertheless, the plan is to clear out all of the remaining Inventory as soon as possible. The company, therefore, has initiated a contract

exchange rate. However, the Company can maintain the level of selling and administrative expenses to be in the same criteria. Financial costs were not significantly changed. The Company earned net profit in

Company arranged marketing activities to draw customers and to maintain sales. Furthermore, the Company’s direction to grow house brand products, especially bedding group, demonstrated higher proportionate

continue to be major challenges. However, with a relatively high level of capital and the regular setting aside of additional provisions, commercial banks can still maintain an adequate cushion for NPL in