sales was better from the same period of last year due to higher sales growth resulting in lower waste and ability to control key raw materials’ price. Selling Expenses Selling expenses of Q3’2018-2019

baht, or 5.37% comparing to the same period last year due to the growth of automobile’s and motorcycle’s production. 2. Increase in raw materials costs around 78.08 million baht, or 10.65% comparing to

the same period last year due to the growth of automobile’s and motorcycle’s production, as well as the higher export amount. 2. Increase in raw material costs around 102.71 million baht or 20.18

% comparing to the same period last year due to the growth of automobile’s and motorcycle’s production. 2. Increase in raw material costs around 30.68 million baht or 4.05% comparing to the same period last

raw materials. 1H/2020 vs 1H/20191H 1H/2020 vs 1H/20191H Management Discussion & Analysis Q2/2020 41 31 82 74 Q2/19 Q2/20 1H/19 1H/20 • For the first half (1H) of 2020, net profit was THB 10 million

32.15 Million Baht as 17.00 Million Baht increased or 112.21% when compared to same period of previous year of 15.15 Million Baht due to more revenue from selling scrap of raw materials of 10.73 Million

loan to support working capital, especially in additional accounts receivable, including imported raw material, and increase in long term loan for fixed assets acquisition. Since there was dividend

million baht due to the purchase of more raw materials to support sales. As at 31 March 2019, the consolidated debt to equity ratio was 1.85 times. Panjawattana Plastic PCL. 28 Moo 2, Tumbol Chaimongkol

sales and services 340.81 316.80 7.58 Total Expenses 336.74 (311.80) 8 Finance Costs (4.62) (5.36) (13.81) Profit before Income Tax Expenses 1.48 19.45 (92.39) Income Tax Expensed (590) (1.27) (53.54) Net

sales and services 340.81 316.80 7.58 Total Expenses (336.74) (311.80) 8 Finance Costs (4.62) (5.36) (13.81) Profit before Income Tax Expenses 1.48 19.45 (92.39) Income Tax Expensed (0.59) (1.27) (53.54