gained more new projects. In terms of total operating expenses, it usually varies in line with the increase or decrease in revenue as the comparison between Q1- 2017 and Q4-2016, The change in total

-2016 shows that it increased by 154.1 MB or 17.2%, while the change in revenue of Q2-2017 and Q2 2016 decrease by 11.3%, which was not much different from those of Q1-2017 due to the nature of the

income (3) increased efficiency in support functions which resulted in limited increase in administrative expenses. Analysis of Financial Position Assets As of 31 December 2017, and 31 December 2018, the

percent as a result of sales decrease in Singapore , China and the UK. Although, the Company incurred the increased selling and administration expenses a main reason was the increase of the rents of the

4 Financial Position 1. Total assets as of December 31, 2018 and December 31, 2017 were THB 177,560 million and THB 260,989 million, respectively, which is equivalent to a decrease by 32.0%, primarily

policy made the decrease of revenue but decrease the expenses caused from that distribution channels. In this regard, the other revenues decreased significantly for the 3rd quarter, 2019 that caused from

due to inefficient internal control system with regard to the cost of sales and the inventory of 2014 and insufficient evidence to clarify decrease in the production yield. The AIE auditor also

evidence to clarify decrease in the production yield. The AIE auditor also expressed a qualified opinion on the statement of the financial position for the year 2015 because of failure to determine whether

17.2%, a decrease of 18 .4 % in 1Q17. This resulted from an increase of gross profit margin. The Company controls service and administrative expenses more efficiently. Financial Position MB % MB % MB

SAAM Energy Development Public Company Limited (“The Company”) would like to provide explanation and analysis regarding financial performance and position for the year ended 31 December 2017 as the