Profit 454.6 475.6 566.4 (4.4%) (19.7%) 1,021.0 1,047.4 (2.5%) Gross Profit Margin 52.6% 55.3% 60.9% 56.9% 58.9% Administrative expenses 121.5 137.4 135.9 (11.6%) (10.6%) 257.3 269.3 (4.5%) Total expenses

in Ft value that had gradually increased since 2Q17. Meanwhile, administrative expenses decreased as a result of lower marketing and promotional activities in the build-up to the royal ceremony in

%) Costs of service 370.6 355.2 408.9 4.3% (9.4%) 1,143.9 1,085.3 5.4% Gross Profit 504.9 517.8 454.6 (2.5%) 11.1% 1,525.9 1,565.1 (2.5%) Gross Profit Margin 57.7% 59.3% 52.6% 57.2% 59.1% Administrative

Cost of Sales and Expenses Major costs of the Company compose of cost of sales, selling expense, administrative expense and interest expense. In the year 2016 and 2017, the Company shows its cost of

transportation cost decreased by Baht 0.76 million. (2.3) Selling and Administrative Expenses Description Year 2019 Year 2018 Increase / (Decrease) Million Baht % of Sales Million Baht % of Sales Million Baht

difference of toll revenue sharing from June 1, 2008 onwards until the damages, together with interest, will be paid in full to the Company. 3. The Central Administrative Court’s Judgement on the Revision of

, financial cost and administrative expenses. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase / (Decrease) Million Baht % of

selling and administrative expenses of 1,146 million Baht (20% of total revenues), significantly decreasing by 55% as compared to the same period last year of 2,554 million Baht. This was mainly due to: (1

. (

- (50.8) 8.4 N.A.(>100) N.A.(>100) - 7.1 N.A.(>100) Administrative expenses (84.5) (77.2) (67.3) (12.8%) (20.4%) (259.0) (232.4) (10.3%) Finance costs (107.1) (25.1) (27.8) 10.8% (74.0%) (325.7) (79.2