partially offset by lower production and delayed price adjustment of raw material price increases in the Portugal operations. Selling and administrative expenses increased from Baht 397.06 million in Q4 2020

increased sales of Malaysia dealership was offset by lower sales of Thailand Dealership due to tighter lending policy of auto financing provider. Cost of sales and services increased in accordance with higher

Baht which was lower than the same period last year 30% due to the reduction of rental and service revenues. Service and Administrative Expenses The Company had service and administrative expenses for

revenue respectively, decreasing for compare to the same period amount THB 89.1 MB, equivalent to 67.7% of net profit. The reason for this decrease in net profit is due to the lower gross profit as the cost

. However, the percentage of selling and administrative expenses to revenue was 20.8% for this year, which was lower than 22. 9% of the previous year. Besides, the Company recorded a higher depreciation

as following; Rental and Services Income and Other Income Rental and Service income for 2018 was 628.7 million baht lower than 2017 of 79.3 million baht This was because revenues from ITJ decrease from

business gross margin represent 60.3 percent lower than the same period last year. Administrative Expenses The Company had administrative expenses for the 3rd quarter of 2019 equal to 104.3 million baht

0.63 MB, equivalent to 0.4% of total revenue from sales. The Company has a lower gross margin comparing to the same period from 12.3% to 7.5% because the company is not able to increase the selling price

of sales for each product group. In addition, the Baht appreciation affected to lower in cost but it’s not material. Gross profit margin more than the same period of last year by Baht 65.63 million

&D to improve its capability of receiving new wastes. This also help the company to lower its waste treatment cost. The progress of Map Ta Put project (RDF) is now approximately 70 percent, it is