consolidated revenues were 15,597 million baht, decreasing of 700 million baht or 4% y-y. The decreased income was a result of the Bank of Thailand cut the ceiling rates of interest rates on credit card from 18

% mainly due to increasing of advertising and promotion expenses – CLMV by Baht 2.05 million and incentive expense Baht 4.03 million because in this year, the Company focuses on internal marketing - creating

in business operation,? Mr. Rapee added.SET President Kesara Manchusree said: ?The SET focuses on developing the capital market by means of creating and promoting values throughout the business chain

creating customer and policy holder confidence. Especially during the turning point, insurance companies need to have sound financial conditions and efficient business operation. Accordingly, the TGIA

such cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Major cost of goods sold are cost of

cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Majority of cost of goods sold are cost of

unused machineries sold. The significant other income is income from scrap sales which are the results from the processing of cold rolled stainless steel sheet and coil such cut to length as per customers

of cold rolled stainless steel sheet and coil such cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of

same period last year. This figure shows that the Company significantly cut on sales expenses from the previous year according to the drop in sales revenue. However, sales expenses to sales revenue ratio

addition, the Bank of Thailand cut the ceiling rates for interest rates on credit card from 18% to 16% per annum and personal loan from 28% to 25% per annum, effective from August 1, 2020 onwards. On the