and meeting allowance for non-executive directors, etc. 5. Net profit and net profit margin Net profit in 1H19 amounted at 18.03 million baht which is a decrease compared to 1H18 which amounted at 20.43

(184) -14% Cost of sales 333 334 (1) 0% 964 1,065 (101) -10% Selling expenses 41 57 (16) -28% 107 155 (48) -31% Administrative expenses 21 19 2 10% 62 81 (19) -23% Allowance for investment in subsidiary

company at Baht 0.57 million, decreased Baht 0.09 million, setting allowance for fees from joint ventures 6. Financial expenses Financial expenses consisted of interest of banks and interest of hire

31.20%, setting allowance for fees from joint ventures. 6. Financial expenses Financial expenses consisted of interest of banks and interest of hire purchase in the first six months of 2019 at Baht 26.13

employees etc. 5. Other expenses 5.1 Doubtful account In the first six months of 2019, the doubtful account of company at Baht 0.86 million, decreased Baht 0.39 million, or 31.20%, setting allowance for fees

deducted by - an allowance for doubtful debts and bad debts of 3BB of 247 million Baht; - a provision for long-term employee benefits of 165 million Baht (as shown under Administrative Expenses, in

the company’s policy to increase marketing effectiveness, the decrease in allowance for doubtful account receivables, and the increase in operating efficiency. 4. Finance costs were Baht 298.04 million

Phang Nga Province project. and bad debt and doubtful accounts amount 16.17 million baht, increased by 18.44 million baht according to the policy on allowance for doubtful accounts. 5. Share of loss on

its subsidiaries had the operating loss of 598 million Baht. This amount, included by - the FX loss of 318 million Baht; - an allowance for doubtful debts of the subsidiaries of 76 million Baht (60

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