11.2 17.7 24.3 Administrative expenses 82.9 80.8 165.2 2.1 2.6 (82.3) (49.8) Revenue from sales and service Most of revenue from sales and services of the Company comes from government agencies and state

in the 1H/2019 wherein the Company achieved cost saving of approximately over THB 0.50 for every can ACM managed to produce and sell to CBD. 3 Selling, general and administrative (SG&A) expenses Total

mn), in line with the growth in sales of real estate due to the transfers at ESCENT Rayong, ESCENT Chiangmai and ESCENT Khonkaen condominium projects. Total administrative expenses stood at THB 1,438

514.3 364.4 (149.9) (29.1%) 1,555.3 1,978.8 423.5 27.2% Administrative expenses (88.0) (77.2) (67.3) (89.8) 22.5 33.4% (330.3) (322.3) (8.0) (2.4%) Finance costs (26.3) (25.1) (27.8) (27.1) (0.7) (2.5

increased from the same period in 2016 due to an increase in salary, commission, and consultation. (7) Administrative expenses The Company and its subsidiaries’ administrative expenses were Baht 122.62

) Administrative Expenses (25.4) (8.4) 17.0 (66.8) Finance Costs (146.0) (93.7) 52.3 (35.9) Share of Profit from Investments in Associates and Joint Ventures 250.8 659.2 408.5 162.9 Income Tax (Expense) Income 17.9

venture and Bt.254mn gain from exchange rate. Selling and Administrative Expenses Selling and administrative expenses (“SG&A”) constitute expenses on back office personnel, marketing and branding, office

885.25 2.53 Cost from the water management business 144.48 71.48 102.13 Selling expenses 52.88 55.88 (5.37) Administrative expenses 73.38 77.04 (4.75) Finance cost 34.20 23.26 47.03 Profit before income

(24.89) (4.94) Selling Expenses 38.25 40.71 (2.46) (6.04) Administrative Expenses 37.52 35.54 1.98 5.57 Financial Expenses 0.00 0.00 0.00 0.00 • Cost of sales decreased by 24.89 million baht or 4.94

14.7 1,267.3 107.5 Administrative expenses 273.3 2.7 425.1 2.6 151.8 55.5 Total Expenses 7,114.9 71.2 11,482.6 69.0 4,367.7 61.4 Profit before share of loss from investments in joint ventures, finance