partially offset by higher sales volume of all main products as a result of stable operation. Analysis of Cost and Expenses 1. In Q3 2019, Cost of sales was 3,445 MTHB, decreased by 715 MTHB comparing to 2018

due to the recognized in loss compensation. - Cost of units in condominium projects sold in Q3/2019 amounted 1,081.24 million baht or 61.12% of sales slightly decreased comparing to 830.79 million baht

Company. Cost of Production and Service Cost of Production and Service of the Company and subsidiaries for the quarter ended March 31, 2020 comparing with the quarter ended March 31, 2019 decreased from THB

Cloud Computing business of Baht 11.65 million; - Other revenue of Baht 12.89 million. 2. Cost of Sales and Services, Selling and Servicing Expenses and Administrative Expenses The cost of sales and

February caused by technical issue at our supplier’s site. Analysis of Cost and Expenses 1. In Q1 2020, Cost of sales was 3,255 MTHB, decreased by 445 MTHB comparing to Q1 2019 or 12% due the drastic decline

feeds business was higher than the previous year which increased by amount of Baht 40.32 million, mainly due to sales increase and the efficiency improvement of production cost management. 2. Other

20 million. It is included as part of the cost of sales, resulting in lower gross profit and gross profit margin than the gross profit and gross profit margin of the first quarter of 2020. Smart

2019. The main reasons were:  Cost of goods sold was Baht 23.47 million, increasing of 45.50 % due to lots of new book titles book published and increased in numbers of provision of obsolete stocks

margin in Q3/2020 was 14.13%, compared to gross profit margin of 35.50% in Q3/2019. It was due to lower sales revenue while the company having labor cost which is fixed cost. In addition, the company had

business and Cloud Computing business of Baht 13.09 million; - Other revenue of Baht 2.13 million. 2. Cost of Sales and Services, Selling and Servicing Expenses and Administrative Expenses The cost of sales