adopted the Thai Financial Reporting Standard No. 15, subject to Revenue from Contracts Made with Customers ("TFRS15") which was effective on January 1, 2019. In order to comply with the accounting standard
remaining costs of project work that has been closed according to purchase order are recognized together with delivered income (3) Expenses Year 2019 company and its subsidiaries has total expenses of
branches, customers can order our products via direct phone through sales team and sales representative as well as delivery to customer’s home. The Group had increased sales team to support such channels for
in order to increase sales, in the meantime focus on control system and reduce expenses to conform actual incomes which decreased. Performance Analysis Unit : MB For the quarterly Change For the six
and production order. As a result, the cost of sales per unit increased. (4) Dividend income In the second quarter of 2019, the Company received dividend from Millcon Steel Public Company Limited at the
159.04 Million Baht which varies according to the project work amount delivered to the customer and recognition of all remaining costs of project work that has been closed according to purchase order with
construction budget cost control for projects in order to update all costs to be as close to current costs as possible. Moreover, the Group’s gross profit margin of Q1/2019 was a little bit higher due to
Exchange of Thailand in the subject of disclosure of information and practices of listed company on the connected transaction in 2003 ( as amended) (as called “Connected Transaction Notification”). In order
previous year which total gross profit were Baht 14 million, due to delay in work delivery and production order. As a result, the cost of sales per unit increased. (4) Administrative and Selling expenses The