11.34 17.34 6.00 52.92% Selling expenses 191.18 182.01 -9.17 -4.80% Administrative expenses 386.17 457.10 70.92 18.37% Finance costs 20.71 25.95 5.24 25.33% Profit before income tax expense 407.36 442.90

as targeted. Financial Costs The Company's total financial cost in 2019 was 54.3 million Baht, which decreased from 2018 by 8.7 million Baht or 13.8 percent due to the Company repaid loans to the

previous year or 30.2 percent, which was an increase in personnel expenses, commission for debt collection, litigation cost and costs related to the insurance business. As for the gross profit margin in the

, costs and expenses which has significant impact in Q1-2017 can be shown in the following table:- Balance by Quarter Change Q1-2017 Q4-2016 Q1-2016 Q1-2017 vs Q4-2016 Q1-2017 vs Q1-2016 (MB) (MB) % (MB

creditors for land and construction costs increase 857.10 million THB or 124.15%. The amount of down payment that is to be recognized increases 456.16 million THB or 197.10%. As a result of the above reasons

0.22 2.55 Profit before financing costs and income tax expense 34.53 14.26 37.76 15.55 24.46 14.13 13.30 54.37 Financing cost 11.22 4.63 10.05 4.14 2.87 1.66 7.18 250.17 Profit before income tax expense

total revenues when compare to the same period in 2016 was gross margin 3.23 percent and net loss (15.08) percent of total revenues. Table 2: Overview of costs, expenses and gross profit to revenue. Items

, and lower financing costs. As a percentage of sales, net profit margin improved from 3.4% in Q2 2016 to 8.1% of sales in Q2 2017. (Unit: Million Baht unless otherwise stated ) Jan-Jun 2017 Jan-Jun 2016

Cost of sales and service Cost was 283.2 MB, an increase by 47.3 MB or 20% y-o-y is in alignment with the growth sale trend. The Company can control the cost of materials and labor costs in effectively

THB. The creditors for land and construction costs increase 145.76 million THB or 21.11%. The amount of downpayment that is to be recognized increases 632.64 million THB or 273.35%. As a result of the