efficiency of using the total assets to profit from the turnover of total assets in this quarter was equal to the first quarter of 2017 at 0.31 and 0.30 times, respectively. Liquidity ratio increased from last

Dried Sawn Timber due to majority of customers in China have requested to delay the shipments and also revenue of real estate business decreased cause the sale of real estate decreased but the company had

of 2021, which showed a net profit of 496.06 million baht—a significant increase both year-over-year (YoY) and quarter-over-quarter (QoQ). The improvement was due to NVD changing its accounting method

been reduced due to the proceed of investment in the Northern Multi-Products Fuel Pipeline project (NFPT). 1.2 Expenses 1.2.1 Cost of services In Q1/2018, Cost of services was of Bt378.2 million, an

/2020, Seven Utilities and Power Public Company Limited and its subsidiaries recorded a net profit of Baht 112.70 million. Profit increased from quarter 3/2019 by Baht 12.36 million or 12.32% mainly due

Analysis (MD&A) 2019 Page 3/8 profit equal to 67 million Baht. It was due to a result of the strict credit control by the Company, causing an increase in revenue from collecting (Bad Debt Recovery

numbers shown in this management discussion and analysis are likely to be different from the Company’s financial statement due to the rounding to 2-digit decimal and unit changed to million baht Turn-key

period of 10.2% to 12.3%. Anyway, the Company's selling price decreased and led to a lower revenue due to an economic recession. The Company’s other income THB 17.8 MB and THB 0.6 MB in Q2/2019 and 2018

/2018 amounting to THB 1 9 .5 MB and THB 5 .3 MB respectively. Net profit of the company equal to 9.7% and 2 .2 % of total revenue respectively. The reason for this decrease in net profit is due to the

-scale projects have relatively low gross profit margin due to the high competition. Those can be shown from the increased rate of cost of sales and services higher than the increased rate of revenue. In