profit from associates and joint ventures increased by 162.3%, according to the number of days in operation of GHECO-One compared to the previous year that had a planned maintenance. Moreover, there have
revenue from both sales and services as mentioned earlier, while fixed costs are not significantly reduced. Turn-key for Engineering, Design, Supply, Installation, Supervision, Testing, Commissioning, etc
21.0% in 2018. Excluding TBSP’s gross profit margin of 18.6%, the Company’s gross profit margin in 2019 was 23.4%, slightly decline from a year earlier, primary by lower Gross Profit of Packaging & Label
and services as mentioned earlier, while the other costs were increased. Turn-key for Engineering, Design, Supply, Installation, Supervision, Testing, Commissioning, etc. Valve, Fire Hose, Fire
works and services as mentioned earlier, while the other costs were increased. Turn-key for Engineering, Design, Supply, Installation, Supervision, Testing, Commissioning, etc. Valve, Fire Hose, Fire
period of the previous year were as highlighted below ; (Unit : Million Baht) Q3/2017 Q3/2016 % Change Sales and Service Income 514.22 465.84 +4.66 Cost of sales and Services 398.23 336.98 +3.01 Selling
stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure slightly declined from the high base of last year. For export
various segments, the Bank in-house research has revised the Thai economic expansion for the year 2018 to be 4.2% from earlier projection of 3.8%. Despite the improving economy, there are challenges ahead
expansion for the year 2018 to be 4.5% from earlier projection of 4.2%. Despite the improving economy, there are challenges ahead namely 1) Structural changes in Thai economy, particularly high level of
equipment in line with the import of capital goods which partly stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure