39.37 million resulting from the decrease of raw material and selling price. 2. Gross profit was Baht 95.98 million which decreased Baht 73.50 million or 43.37% from the corresponding period of the

, Amphurmuangsamutsakhon, Samutsakhon 74000 As of September 30, 2020, total liabilities were increased by THB 145.56 Million or 43.28% compared with December 31, 2019 mainly came from increasing in trade payable - raw

accordance with lower sales. Gross profit margin decreased from 11.24% in Q3 2020 to 9.34% in Q3 202, mainly caused by lower sales, delayed price adjustment of raw material price increases in our Portugal

can pass through most of the raw material’s price increase to customers. Our gross profit in terms of amount will not be affected, however, the selling price increase resulted in the increase in the

primarily due to prepaid expenses and raw materials for engineering service and trading business. • Other non-current assets increased by Baht 15 million due to withholding tax and work retention. • Trade and

categories of metal products together with the increase in the price of exhaust pipes following the rise in price of raw materials in the global market. The sales of company and it subsidiaries mostly came

the other income. 1.3 Cost of goods sold Major cost of goods sold are cost of raw material such cold rolled stainless steel sheet and coil and special grade stainless which the Company and its

the same period of previous year by Baht 26.49 million or 0.98 percent, due to the decrease in raw material cost and depreciation of 4.15 percent in spite of increase in product sales volume of 3.33

that of in 2016 and 2015 of 73.5% and 72.7%, respectively. However, the cost structure is quite similar to that of the previous year with high proportion of raw material cost being accounted for 80% of

increase in product sales volume of 6.36 percent and increase in raw material cost, salary and benefits of the employees and gas expenses but there were decrease in repair maintenance expenses. Cost of