Commercial Banking In 2019, the Thai economy grew at a slower pace than the previous year and below its potential. Growth is estimated at 2.5%, the lowest level since 2015 and a significant drop from 4.1% in
. 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
45.4% from 39.9% in previous year. Selling and administration expense. Selling and administration expense (“SG&A”) closed at 97.39 mb (2017: 82.75 mb), an increase of 14.64 mb or 17.7 %. SG&A is composed
of the previous year were as highlighted below; Separate financial statements (Unit : Million Baht) Q3/2 019 Q3/2 018 % Chan ge 9 Month 2019 9 Month 2018 % Chan ge Sales and Service Income 533 451 18
utilization, which was partially offset by a lower cost of the copper (Table 2). Furthermore, as the majority of factory burden costs are fixed, whereas total production volume decreased, which resulted in a
/2020 amounted 46.6 million baht, decreased 17.7 million baht or 27.5 percent compared to Q2/2019. The cost of service was 86.3 percent for Q2/2020, Increased from the same period of the previous year due
the top level of "Excellence : 5 Stars" for fourth consecutive year. Overview of Economy and Competition in Commercial Banking In 2018, the Thai economy expanded at a greater pace than the previous year
gross profit margin narrowing to 20% from 26% the previous year. The decrease was due mainly to the impact of a higher cost of goods sold and a change in foreign currency exchange rates. The cost of goods