9.05 million or 4.49 percent, due to the decrease in marketing and sales promotion expenses of Baht 16.96 million but there were increase in salary and benefits of the employees of Baht 3.36 million and

for new employees; employees annually sign for acknowledgment of the rules and penalties; the code of conduct is publicized for employees and outsiders. 1.3 There are procedures to monitor and assess

from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging

significantly. In addition, resulting the need to postpone a large-scale project auction and there are a few SI project in the market, thus those had a higher competition, resulting gross margin was declined

loss branches and turned to emphasize the other distribution channels where there were lower cost and higher margin. Another important development of mobile phone distribution business in the previous

AND ANALYSIS Golden Lime Public Company Limited Golden Lime Public Company Limited 2 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2019 1. Highlights Health and safety: There was one

weaken. Although the government has policies to help the cost of living of people at the grass-roots level, it focuses on spending of the essential consumer products only. In addition, there was a factor

aqgreement with the customer, there is only one customer in this period. At the present, the management of the subsidiary is in the process of revising the agreement in order to improve the operating results

Lime Public Company Limited Golden Lime Public Company Limited 2 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2019 1. Highlights  Health and safety: There were three lost time injuries

situation, the Company could not hold a promotional event such as factory visit for customers therefore there was not much change in selling expenses. 2.3. Administration expenses for the 3-month period ended