low margins since it is selling only hardware yet competitive. As a result, the changes in net profit increased at lower rate than the increase in revenue. Besides, the increase in revenue partly came

time Excessive Charge in 2017 was Baht 63.5 million. Our Gross Profit Margins excluding Other Income from Utilities Business improved from 27.9% in 2016 to 30.4% in 2017 mainly due to increased selling

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

personal loan, including the higher profit margins of mobile phone distribution. Selling and Administrative Expenses The Company had selling and administrative expenses from the consolidated financial

the higher production scale and continuous improvement of the production process during the year. The higher margin was also by the lower sales to wholesale channel with lower margins. For the year

ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an

to higher number of land transfer. Moreover, the gross profit margin for 2019 was 50.7%. These gross margins had accounted for the fair value adjustment of the acquired business according to the

from 37.6% gross profit margin in the corresponding period last year, mainly due to the improving margins for the branded products by the Company’s production. Branded products by the Company’s

margins for the branded products by the Company’s production. Branded products by the Company’s manufacture, particularly energy drinks in both bottle and can formats, delivered an improving gross margin

were greater than the decreased rate in revenues were 33.1%. This is because the delivered projects in Q2–2020 had higher gross margins than the delivered projects in Q2–2019. Other revenue Other revenue