. This has affected the cost of goods sold, especially the fixed cost on salaries for the production that was not able to occupy full capacity. (3) Gross profit The Company and its subsidiaries’ total

demand of palm oil, making production costs higher. 3. Cost of sales for ports and terminal service and ice cube factory in the fiscal year 2015 and 2014 was THB 24.26 million or 85% of revenues and THB

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2018 1 Significant events On March 30, 2018, Bangkok Expressway

reduced production capacity, resulting in reduced revenue from services as well 3. Revenue from logistics management services for the year ending December 31, 2019 and December 31, 2018 was 353.77 million

and disseminating information to the investors accordingly. Your Sincerely, (Kamtorn Sila-On) President – Production and Finance S & P Syndicate Public Company Limited

Cost of sales in Q2/2016 and Q2/2017 totaled THB 119.9 mn and THB 159.3 mn respectively, equivalent to 56.2% and 81.1% of total cost-of-sale respectively. An increasing on cost-of-sale was derived from

been mainly driven by improvements in tourism and industries related to the export sector. In contrast, provinces that rely on agriculture have not yet seen a clear pick-up, despite higher agricultural

with a competitive price. As a result, the domestic sales slowed down compared to last year. Furthermore, the manufacturers from China and Europe still maintain their maximum production capacity which

related to the Annual General Meeting (AGM) and securities depository fees and expenses related to the analysis and audit for production to comply with the HACCP and GMP standard that the Company received

ended as of December 31, 2019, which can be summarized as follows: Thailand Automotive Industry Total vehicle production volume for the year 2019 dropped by 7.10% to 2,013,710 units, compared to 2,167,694