measures to maintain profitability; namely controlling operational costs such as marketing expenses, utility expenses, over-time compensation, associate’s commission and outsourced labor cost. The

0.43 27.56 Gain on exchange rate 0.61 0.97 0.00 (0.61) (100.00) Profit before expenses, finance cost and taxes 19.72 31.27 17.00 27.70 (2.72) (13.79) Distribution costs 1.18 1.87 1.43 2.33 0.25 21.19

to maintain profitability through effective marketing to boost sales, while increasing efficiency in the management of raw material costs and other expenses. Nonetheless, from the aforementioned

to the increase in the cost of services of Baht 19.40 million and increase in transportation cost of Baht 2.67 million. (2.3) Selling and Administrative Expenses Description Year 2019 Year 2018

driven by the growth in Revenue mentioned above and the decrease in Selling and Administrative expenses (“SG&A”). The Company’s net profit was THB 1m, representing 101.2% growth yoy by inverting from the

% 4% 40% -19% -14% 30% 3% 5,651 8,988 513 1,984 4,888 8,596 738 2,075 -14% -4% 44% 5% Total Revenues 5,979 5,384 5,257 -2% -12% 17,136 16,297 -5% Operating and administrative expenses Expected credit

business acquisition 2.2 - - - N.A.(

0.7 (11.4) N.A.(

2% Operating and administrative expenses Expected credit loss Finance costs Other expenses 2,029 2,094 527 5 2,070 1,949 574 1 2% (7%) 9% (70%) 4,018 3,415 905 2 4,099 4,043 1,101 6 2% 18% 22% 206

2,395 5% (4%) (5%) (5%) Total Revenues 5,676 5,405 (5%) 16,780 16,541 (1%) Operating and administrative expenses Expected credit loss Finance costs Other expenses 2,070 1,949 574 1 2,114 1,899 511 (0.1) 2