allowance for doubtful accounts of Baht 9 million. Selling Expenses and Administrative Expenses Selling and administrative expenses increased by Baht 145 million when compared with prior year mainly due to

segment. IV Expense First quarter (Unit: Million Baht) 2020 2019 Change Change (%) Selling expenses 92 171 (79) (46) Administrative expenses 381 408 (27) (7) Finance cost 100 99 1 1 Income tax expenses 45

: Million Baht) Consolidated financial statements Q1’ 2020 Q1’2019 % Change Sales and Service Income 530 481 10 Other Revenue 6 3 200 Less Cost of Sales and Services 433 388 12 Selling and Administrative

: Million Baht) Consolidated financial statements Q2’ 2020 Q2’ 2019 % Change Sales and Service Income 333 511 -35 Other Revenue 8 4 100 Less Cost of Sales and Services 276 412 -33 Selling and Administrative

Cost and Expenses Unit: Million Baht Q1/19 Q4/19 Q1/20 Consolidated Statement Revenue 194.29 222.62 167.85 Cost of goods sold 163.05 174.92 137.64 83.92% 78.57% 82.00% Selling Expenses 11.26 13.57 9.13

411.46 (23.94) (5.82) - Publishing business 88.37 139.49 (51.12) (36.65) 205.73 272.38 (66.65) (24.47) - Electricity business 94.77 76.61 18.16 23.71 181.79 139.08 42.71 30.71 Administrative and selling

thus significantly reduced the cost of sales and administrative expenses . Overall gross profit margin improved to 42.3% from 30.7% in 2018 Selling and Administration expenses The Company recorded

sales 316.5 349.1 -9.3% 348.0 -9.0% Gross profit 355.9 421.0 -15.5% 455.2 -21.8% % 52.9% 54.7% 56.7% Other Income 9.1 4.3 110.6% 1.0 772.0% Total Revenue 681.6 774.5 -12.0% 804.3 -15.3% Selling and

405.44 40.55% 302.88 39.22% (102.56) -25.30% Other Revenue 24.06 2.41% 27.99 3.62% 3.93 16.33% Selling Expense (103.76) -10.38% (110.85) -14.35% 7.09 6.83% Administrative Expense (84.64) -8.47% (100.14

million or 47.99% from the fiscal year 2014. Remark : The company and subsidiaries have policies not selling porcelain and component and stopped trading since 2014. ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลอง