economy of scale in term of declined fixed cost per unit were another factors to gross margin improvement. Administrative Expenses For 2Q’18 and 1H18, administrative expenses increased at the similar rate

benefit from economy of scale in term of declined fixed cost per unit were another factors to gross margin improvement. Administrative Expenses For 3Q’18 and 9M’18, administrative expenses increased 6% and

Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

was THB 0.60 million as high proportion of the costs was employee-related costs which are fixed costs. Consequently, in 9 M2021, the Company had services income from providing online advertising for

which were fixed costs. Other income In 2022, other income was THB 2.90 million, increase by THB 2.21 million or + 320.40% YoY, mainly due to the increase in interest income. In addition, in 2022, the

could access information on investment by virtue of performing such duty, regardless by whichever name of position of such person is called. “investment consultant” means a person providing investment

24.9% to THB 51mn from THB 41mn in the same period last year. FINANCIAL POSITION MACO started the consolidation of COMASS’s statements of financial position since 30 June 2017 (the date on which the

SAAM Energy Development Public Company Limited (“The Company”) would like to provide explanation and analysis regarding financial performance and position for the year ended 31 December 2017 as the

all branches of ELEGA showroom that could not generate the income and profit as aimed in order to decrease the fixed cost and the administrative expenses since the 2nd quarter of 2019. However, the

synergies from Spindletop, Lake Charles Gas Cracker and IVOG integration in 2020. These initiatives include procurement synergies, yield improvements, fixed cost synergies, technical benchmarkings and others