margin of 16.6% increasing from the gross profit margin of 10.2% over the same period of last year. The increase in the overall gross profit margin was mainly driven by the reversal of provision for

managed the customer credit during Covid- 19, including monitoring and collecting accounts receivable, resulted in the decrease in allowance for expected credit losses. 3 Management Discussion and Analysis

follows: 2.1) Costs of fans sold, amount Baht 1.57 million, increase by Baht 0.53 million or 51.59 percent because the last year costs of fans sold included the reversal of provision for obsolescence, so

well as higher provision of overseas business caused by IFRS 9 adoption. In the 3rd quarter of 2020, 7 the consolidated coverage ratio of allowance for expected credit loss to NPL (NPL Coverage ratio

affected by the delay. Therefore, the Company considered to record allowance for doubtful accounts with total amount of such unbilled receivables. Cost incurred from the delay under the contract consists of

water supply production project in Chiang Mai Province. This transaction has been approved by the company’s board of directors with the condition that Yunnan Water (Hong Kong) Company Limited (YUNNAN

34.0% compared with the same period of 2019. Furthermore, there was a project utilizing CPO to produce electricity that the crushing mills would supply CPO for Electricity Generating Authority of

of APCON Engineering system design and supply, machine installation, manage and maintain engaging in power plant construction for both government and private organizations Registered capital 1,050

to the same period of the previous year. The main reasons was the weaken sales due to the impact of trade wars that have the broad impact on global supply chain and through Thailand's exports. As such

Quality, Accounts Receivable Aging, Provision and Sufficiency of Allowance for Doubtful Debts The Corporate Group’s trade accounts receivable and other accounts receivable as at December 31, 2018 account