Gross profit 163.53 244.53 (81.00) -33% Gross profit margin 9.78% 15.47% Other income 1.73 5.33 (3.60) -67% Selling expenses 3.68 3.36 0.32 10% Administrative expenses 116.87 111.43 5.44 5% Allowance for

 Cost of Administrative of 45.96 Million Baht as decline of 12.79 Million Baht or 21.77 percent when compared to same period of previous year was 58.75 Million Baht.  Other expense of 20.37 Million Baht

proportion of sale revenue. 4. Administrative expenses For the year end of 2019, the administration expenses was 56.34 million baht or 13.85% from revenue compare to 60.75 million baht or 15.60% last year

increase of 0.53 million baht or 5.67 percent. With the increase in service revenue, the commission paid to the salesman increased. Administrative expenses for the three-month period ended March 31 , 2017

drop in selling price led by oil price fluctuation. This also caused a severe price war among the traders of plastic resins and petrochemical industry. Total selling and administrative expenses increased

separated sale volumes were 20% higher). 5. Performance of the Company and its Subsidiaries Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 11 • Administrative expenses Consolidated

of Baht 337.30 million. Administrative expenses increased of Baht 14.94 million (Most of the costs will be as staff salaries. Auditing fee and financial advisory fee) and financial expenses increased

shutdown of some producers. Total selling and administrative expenses decreased from Baht 33.6 million in Q3/2016 to be Baht 30.4 million in Q3/2017, or 9.61% decreased. This was due to the reversal of

hydro power projects. Selling, General & Administrative Expense  Selling, general & administrative expense increased 20.8% year-on-year from Baht 587 million for 9M’2016 to Baht 709 million for 9M’2017

producers. Total selling and administrative expenses increased from Baht 133.4 million in 2016 to be Baht 134.8 million in 2017, or 1.06% increased. This was due to the increase in commission expense