share trading and from valuation of real estate with temporary price appreciation;            ? Default risk: more discretion should be exercised when incurring debts, especially those for investment in

encourage domestic capital outflows. At the end of 2019, the Thai baht was 30.15 to the US dollar, an appreciation of 7.1 percent from the end of 2018. Global financial markets experienced volatility amid the

market which results to low selling price. Another factor is the appreciation of baht which reduces our export revenue when changing to Thai baht. And the effect of employee benefit, according to the new

strong appreciation of THB/USD, which strengthened from the average rate of Baht 34.2863/USD in Q2-17 to Baht 31.9468/USD in the same period this year. Sales revenues of this quarter amounted to Baht

nine-month period 2018 was mainly due to differences in product mix and the impact from currencies appreciation as compared to same period of previous year. 3. Selling and Administrative Expenses For the

exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to

recognition from commercial building which had higher gross profit margin. Selling & Administration expenses The Company and its subsidiaries had SG&A for the first quarter ended March 31, 2019 amounting to

same period in 2017 of THB 117.35 million by THB 11.92 million or 10.16% mainly due to higher revenues from HR solutions. HR Solutions grew by THB 15.13 million or 16.70% resulting from the recognition

HR solutions. HR solutions grew by THB 26.27 million or 15.04% from the recognition of license income and implementation fee from projects in Thailand and Malaysia, as well as, moderate growth in

million. Since the Board of Directors and management had doubts concerning the recognition of advertising revenue during 2017 and previous years. In this respect, the directors and management of the Company