37.11%, decreased by 4.80% as a result of the indirect cost, which is a fixed cost, was not decreased in the same direction of the sales. Gross profit margin of condominium was also decreased. The

Baht 2.74 million because its subsidiary company has improve plant some time has been fixed cost with respect to the production costs to administration expenses. (5) Expense of income tax for the year

cost such as marketing expenses considering unfavorable market conditions, significant decline in revenue, only a marginal decrease in some type of fixed cost such as land rental fee and depreciation

Fixed cost per month Cost 2020F 2021F 2022F 2023F 2024F Cost from employee’s salary Baht 13.21 million Baht 13.70 million Baht 14.38 million Baht 15.09 million Baht 15.83 million Other fixed cost Baht

the first time. The economics of scale has already improved and the synergetic effect between both companies will increase throughout 2019 particularly on the fixed cost side. EBITDA in Q1 2018 improved

line with the increase in revenue from sales due to the fixed cost of expenditure on factory staff and erection staff that was not able to occupy full capacity and the expenses for the erection was

and less waste proportion. This was coupled with the Company’s effective control of production cost, e.g. orders for raw materials in a large volume to lessen unit cost of raw materials, and lower fixed

decrease in gross profit margin was due to the depreciation of the U.S. dollar currency and an increase of the fixed cost per unit of products produced at Laem Chabang factory while the production decreased

fixed cost from rental expense and administrative expense. However the 1st Consolidated Separate Amount Change Amount Change Q1.2019 Q1.2018 Amount % Q1.2019 Q1.2018 Amount % Revenue from sale – net

declined fixed cost per unit were another factors for gross margin improvement. Administrative Expenses In 1Q’18, administrative expenses increased by 35% yoy due to the increase of expenses namely