in 2019. Moreover, commission rate of the company decreased by 0.037 percentages compare to the same period last year. 2. The Consolidated and the separated statements recorded Baht 81.40 million as
, representing the rate of decrease of 29.37 percent, mainly due to a decrease in cost of sales from 78.89 million baht in the first quarter of 2019 to 59.51 million baht in the first quarter of 2020, representing
services decreased equivalent to 60.06 million Baht, a decrease of 10.61 million Baht from the same quarter of 2019 with cost of sales of 70.67 million Baht, representing a decrease rate of 15.01 percent. As
. The decrease of financial cost was mainly in related to support the Company’s and its subsidiaries’ operation as well as impact by the averaged lowered interest rate as compared to previous year. 5. Net
margin is equal to 33.74%, which decreased from 40.17% as compared to the same quarter of 2019. This is because the customers’ purchase order had declined, and as a result, the overall utilization rate was
million baht. The current ratio as at March 31, 2020 is 0.68 times. While at December 31, 2019, the rate was 0.67 times. Non-current assets of land Property and equipment as at March 31, 2020 were Baht
, decreased by 4 million baht or 31% compared to the same period last year due to loan and interest rate decrease. Corporate income tax In the third quarter of 2020, the Group had income tax 2 million baht
of lower property development operations selling expenses. Administrative expenses decreased by Baht 71 million due mainly to a decrease in staff costs, loss on exchange rate, training & recruitment
2019, 2020, and 2021 respectively. The reason for the decrease in net profit margin of the Company was because the appreciation of the baht against the US dollar resulted in a loss from the exchange rate
and to pay a sales distribution fee at the rate of 1.5 percent of the sales of GSTEL to the Mahachai Group. The agreement also provides that most products from the manufacturing process must be