Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange
surplus cash in money market products. Cost of Services Our cost of service increased by 20.30mb or 27.7% to 93.71mb (Q1 2019: 73.41mb) . The growth in cost of services was in line with the 35.2% growth in
projects and their associated costs. During the quarter, the Sansiri JV recognised transfers of The Line Chatuchak-Mochit (now fully transferred), The Line Wongsawang and The Line Ratchathewi projects
from the Sansiri JV, which recognised transfers of The Line Wongsawang,The Line Ratchathewi, The Line Asoke-Ratchada and The Base Garden Rama 9 projects during the quarter. Finance costs were THB 133mn
an anemic rate of 0.59%. Considering revenue by product line, almost all product lines recorded declines in sales revenue compared to the same period of the previous year given the mentioned drop in
Revenue by Product Line for the three months period ended March 31 (YoY) Product Line/ Business Group Consolidated financial statements Change Increase/(Decrease) For Three Months Period Ended 31 March 2018
total operating expenses varied in line with the company’s revenue. Comparing the total revenue and the total operating expenses in Q2–2019 with Q1–2019 and Q2-2018, it showed that the change rate had
Baht 1.37 million or decrease 62.97%, due to the production cost of new production line still not stable and there are some fluctuation. 3. Selling expenses In Q2/2018, the selling expenses was Baht 2.47
, KCE temporarily closed down one of its PCB factories (KCE International), reduced our headcount, and reduced working hours to two weeks per month to be in line with a decrease in production capacity
expenditures. In terms of economic stability, headline inflation increased in line with increasing world crude oil prices and higher goods prices, particularly for food. In Q1–2022, the Company’s total revenue