% Selling and Administrative Expenses 88.19 102.45 102.45 -13.92% (300.78) (230.26) (55.46) 127.14% Non-operating income/expense 303.87 249.95 243.49 22.15% (Gain)/Loss from sales investment in subsidiary

Costs 0.22 0.22 0.10 0.12 Share of profit (loss) of associates 0.05 0.05 (0.06) (0.07) Profit Before Income Tax Expenses 18.90 19.19 1.88 2.20 Income Tax Expense 4.17 4.22 0.68 0.80 Net Profit for the

amount increases were mainly driven by the rise in personnel expenses, rental cost, utility cost, merchant fees, maintenance cost, and marketing expense. However, SG&A as a percentage of sales has

in the gross profit margin that expanded from 15.3% in the third quarter of 2018 to 16.4% in the third quarter of 2019 and more efficient cost management that caused selling and administrative expense

increase of 76 million baht or 4% from last year. This was as a result of an increase in marketing expenses, increase in personal expense caused by increasing employment of the Company’s subsidiaries

the total outstanding investment units; (4) a mutual fund of which the person under (1) or (2) holds investment units in an amount not exceeding fifty percent of the total outstanding investment units

outstanding investment units; (4) a mutual fund of which the person under (1) or (2) holds investment units in an amount not exceeding fifty percent of the total outstanding investment units and in which the

) or (2) holds investment units in the amount of fifty percent or more of the total outstanding investment units; (4) a mutual fund of which the person under (1) or (2) holds investment units in an

ordinary shares in Nam San 3A is equivalent to USD 174. 04 million ( or approximately THB 5,315.18 million2). Nam San 3A has no outstanding debt. 1.7. Expected Benefits to the Company and Shareholders 1.7.1

outstanding balance of dividend payment of 516.47 million THB which will be paid to the shareholders in April 2018. As a result of the above reasons, the interest bearing debt to equity ratio and the debt to