MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

. The impact is reduced somewhat when we compare EBITDA on a YTD basis (since Saraburi Quicklime is only consolidated from March 19th onwards) but it is still up 30%, and this without contribution from

THB 1,778.7 mm, which decreased by 13.1%, compared to the same period of last year. However, if only considering, normalized share of profit from investments in associates decreased by 4.6%, mainly due

and service increased only Baht 9 million. As a result, gross profit increased Baht 17 million. Moreover, other income increased Baht 1 million and administrative expense decreased Baht 2 million

the usage of machineries in the past 5 years during 2015-2019 where it was found that during such period the Company had not fully utilized the production capacity. The Company has produced only the off

usage of machineries in the past 5 years during 2015-2019 where it was found that during such period the Company had not fully utilized the production capacity. The Company has produced only the off-peak

-period ended June 30, 2020. As for the gross profit margin of the first 6 months of 2020, the Company and its subsidiary’s gross profit margin was at 24.03% while in 2019 was only 21.20%, main reason was

has not only highlighted Thailand’s leading position as the regional production hub, but also reflected the potential and strength of WHA Group’s industrial estates, which can serve the needs of both

year, mainly from increase in revenue from industrial land sale. However, if only considering normalized total revenue increased by 47.7% or THB 721.3 mm. • Revenue from industrial land sale increased by

business decrease by Baht 39.95 million, or 75.19%, as a result of, the Company only sell to some industrial customers but in some quarters did not receive award from bidding, so the sales volume decreased