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compared to a net profit of 18.45 million baht, is due to the following reasons: 1. The ailing economic condition especially in the automotive industry, in addition to a change in the company’s strategy to

Baht, a decrease of 4.69 million Baht or 15% from the same period last year. The reason was due to the restructuring of the parent company, which is in accordance with the strategy of the company Please

strategy, the increase in the gross profit margin of house brand products, and more efficient cost management. 3. Selling and administrative expenses was Baht 484.33 million, a decrease of Baht 14.33 million

decrease of 3.0% over the same period of last year. The main reasons for the increase in net profit were the increase in the gross profit margin that expanded from 14.6% in the year of 2018 to 16.6% in the

showed in the corresponding period last year, or 26.53% increased. The increment was in accordance with company’s expanding strategy and well management in marketing and sales; therefore, company’s

corresponding period last year, or 36.62% increased, which was better than the average growth rate of industry. These are because of our correct expanding strategy that emphasized on real demand segment, and

compare with the year 2018 due to the decrease in long-term loans of the financial institution and decrease in short-term financing loan. The company’s strategy for the year 2020 The Company targets to grow

was in accordance with company’s continually expanding strategy and well management in sales and marketing function. The company; therefore, can gain more market share. 2. Selling and Administrative