2.2 million, increased by 150.6% due to provision of obsolete and long-aged finished products. Ocean Glass Public Company Limited Page 3/4 Management Discussion and Analysis  Selling and Administrative

หุ้น IPO กระจุกตัวใน RP และผู้มีอุปการคุณของบริษัทท าให้กลุ่มดังกล่าว สามารถควบคุมปริมาณหุ้น (supply) ในตลาดหลักทรัพย์ฯ ได้ โดยเมื่อ supply มีจ ากัด แม้จะมีความต้องการ ซื้อ (demand) เป็นจ านวนที่ไม่สูง

this year, consequently, there was expenses related to the overseas travelling and other administration fees and (4) Decrease in tax and penalties due to the Company incurred tax and penalties provision

profit margin decreased from the increased of cost of services while the price was remain and from changing the law regarding to the provision of long-term employee benefits from the 300 days to 400 days

provision for liability (provision of claim expense). Moreover, the Debt to equity (D/E) ratio decreased from 1.12 times at 30 December 2017 to 0.64 times in quarter 3 of 2018, which is the lowest rate since

the price was remain and from changing the law regarding to the provision of long-term employee benefits from the 300 days to 400 days. Selling Expenses, Administrative Expenses and Other Expenses The

from pre-acquisition level of 35% to 56% by end of 2019. IRSL refinanced its outstanding debt with banks in India and managed to reduce cost of financing for funded long term facility by 8% p.a. and for

gradual delivery of the completed project work to customers during the period and partial refund. Liabilities As at 31 December 2019, the Group’s liabilities total of Baht 993.33 Million, decreased of Baht

into your home through our group e-commerce platform, mobile application, Line Chat&Shop and Call&Shop as well as free delivery service upon certain condition. Meanwhile, the Company has already taken

previous year due to the gradual delivery of the completed project work to customers during the period. o Withholding tax deducted at source increased from previous year total of Baht 22.11 Million