beginning of 2017 to USD 18,000 per ton this year) and the proportionate of an increased in scrap cost is greater than an increased in HRC market price. In Q3/2018, the company will maintain an overall output

the Adjusted Book Methodology. Therefore, the offering price of B0.63 per share is an appropriate price. 2. Entering into the Credit Facilities Agreement with AM: IFA is of the opinion that even though

increase in revenue. However, the gross profit margin has dropped from the previous year mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new

addition, the Company efficiently managed the selling, general and administrative expense and funding cost. 6 2. Financial Status Statement of Financial Position February 28, 2019 February 29, 2020 Change

goods 167.64 153.36 14.28 9.31 Revenue from project works and services 80.96 67.18 13.78 20.51 Total Revenue from Sale and Services 248.60 220.54 28.06 12.72 Cost of sales of goods 118.22 112.99 5.23 4.63

, the net profit margin has dropped slightly mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new factory building in Q1/2018. Depreciation

million, 7.5% down from the same quarter of last year mainly because of the significant appreciation of THB/USD cause material cost increase in term of THB which has resulted in higher cost of goods sold

has dropped slightly mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new factory building in Q1/2018. Depreciation increased THB 20.15

revenue. However, the net profit margin has dropped slightly mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new factory building in Q1/2018

has better control of the production cost especially in the automotive parts, milk and yogurt packaging segments. As a result, the production process became more efficient and losses were reduced. But