an external provider of warehouse and logistics management services, whereas the Company did not incur such expense in the corresponding period of 2018. It was also ascribed to a total increase of

955.30% Gross Profit 418.34 38.05% 633.38 40.90% (215.04) (33.95%) Other Revenue 36.08 3.28% 38.79 2.50% (2.71) (6.99%) Selling Expense (175.92) (16.00%) (154.89) (10.00%) 21.03 13.58% Administrative

international sales declined dramatically at 46.03% compared to the same period of the previous year. One of the issues was the delayed product delivery after the license was issued from China Food and Drug

lower than the decreased rate in revenue, since the rest of equipment for lease project had a quite low gross profit margin and a higher equipment maintenance expense. Summary of Operation for Q4-2018

delivery charge. 5. Cost of sales of pipes for the year 2019 was 88.15% of income. The cost per income rate decreased from the year 2018 which was 91.56 percent of income. The major reason was the cost of

year. 1.8 Income tax expense For the year ended 31st March 2019, the Company and its subsidiaries had corporate tax of Baht 49.38 million or decrease by 27.3 percent due to the lower in operating profit

quarter due mainly to a slump of 52.42% in international sales revenue compared to the same period of the previous year. The reason for this is that the product delivery was delayed after the license was

has not revised the past financial statements which incurred high depreciation expense causing the new depreciation value to be lower. The effect from changing the estimated useful lives towards the

year from Coronavirus disease (COVID-19) moreover for the Manufacturing and Export sector have also effect from customer has postpone the purchase order and delivery. For the year 2020 Filter Vision

material extraction via processing to delivery of the products to our customers, improving further the quality and supply security of our value offering to the market. Also, TMC will be a major contributor