THB 14.09 million. This represents an effective tax rate of 38.10% which is higher than its statutory tax rate of 20.00% due mainly to deferred tax expense was recognized in the first quarter of 2019

the main customers in South America expanded more branches which lead to increase in the sales volume this quarter. In addition, Company’s revenue was affected by the appreciation of exchange rate of 3

, the average price of raw materials increased. As a result, gross margins narrowed 4.0%. The average capacity utilization rate for Q2/2019 was 69.90%. Decreased 0.63% comparing to the same period of 2018

steel domestic consumption decrease which suffered from slow down economics. Other income 13.2 15.9 20.5% A gain and profit in exchange rate comparing to the same period of last year due to efficient

discouraged by economics. Lose sales opportunities in relation to a low level of stocks due to a limited warehouse space. Other income 2.8 6.1 117.9% A gain and profit in exchange rate comparing to the same

. The Company’s revenue was also affected by the appreciation of exchange rate of 4% from an average of 31.62 per 1 Dollar in quarter 1 2019 to 30.34 per 1 Dollar in quarter 1 2020. Nevertheless, the

Expenses 35 46 -24 Allowance for doubtful account (Reverse) 7 (2) 450 Allowance for diminution in value of goods 7 (3) 333 Operating Profit 16 62 -74 Less Loss from exchange rate 4 2 100 Loss on recognition

group of companies, the rental rate is at the same level with the rate of the comparable buildings within the adjacent area, thus approved the entry into such transaction of the Company and its

Steel Public Company Limited at the rate Baht of 0.02 per share, totaling Baht 15.57 million (5) Selling expenses The Company and its subsidiaries had selling expenses at the amount of Baht 8.26 million

THB 38.63 million. This represents an effective tax rate of 39.95% which is higher than its statutory tax rate of 20.00% due mainly to deferred tax expense was recognized in the first half of 2019. Net