2019 that it had relatively low gross margins. Administrative Expenses Administrative Expenses of Q3–2019 increased from Q3–2018, mainly due to the allowance for doubtful accounts for the trade

sale decreasing from the previous year by 34.69 million baht or 10.21 % due to the appreciation of the Thai baht and the intense competition. Domestic sale decreased only slightly by 1.54 million baht or

2,370 million or 44%. Increase in net loss due to increase in production cost both raw materials and cash conversion cost, Graphite Electrode’s price which is a part of conversion cost increase

generated total revenues of 5,619 million Baht; or increasing by 118% as compared to the total revenues in Q2 2017 of 2,579 million Baht. This was mainly due to the increase in revenue from sales of the

18.0 million from Baht 151.1 million in 2018 to be Baht 133.1 million, or 11.97% decreased. This was due to an increase in Allowance for doubtful accounts of Baht 21.8 million in 2018 whereas there was a

million from Baht 34.1 million in Q2/2019 to be Baht 33.0 million, or 3.16% decreased. This was due to an increase in Allowance for doubtful accounts of Baht 0.5 million in Q2/2019 whereas there was a

12.4 MB or 14.9 percent with the gross profit margin of 37.3 percent (36.2 percent in Q2/2019). The increase of gross profit was the result of low overhead cost due to high production volume and the

2017, the Group has net profit of Baht 272 million, which is decreased by Baht 94 million or 26% compared to the net profit of Baht 366 million for 2016. The decrease is mainly due to the lower gross

ich mainly result from the increase in sale volume compare to the year 2017. In term of cost, the Company and subsidiary’s cost of sale per ton increase compare to the previous year due to the increase

instead. Furthermore, the rise on an average price on steel-coil and the company was not adjusted the selling price proportionally to the rise of its raw material. Due to the market competition corporate