100.0 15,659 100.0 Sales Revenues 20162017 * Note Please find further information in the consolidated financial statements. 2 Analysis of Costs and Expenses 1. In 2017, Cost of sales was 15,317 MTHB
from the declining of revenue which because of the high market competitive in the competitor and pricing whereas the gross profit margin increased from the declining of high cost and low margin projects
provide an opportunity for overall real estate industry due to a potential lower cost for both, real estate developer and buyer. The Company’s focus is on developing projects to serve real demand for
margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW
. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
low gross margins because of the relatively high competition. Cost of equipment for lease of the Q4–2020 greatly increased from Q3–2020 and Q4–2019. This is because some projects of equipment for lease
, especially when it compared to the Q4–2018. This is because the gross margin in Q4–2018 was a relatively low. In addition, it had recorded the allowance for doubtful accounts for long outstanding receivables
) (21.64) Revenue from project works and services 87.05 79.26 7.79 9.83 Total Revenue from Sale and Services 215.57 243.28 (27.71) (11.39) Cost of sales of goods 92.48 116.61 (24.13) (20.69) Cost of project
portfolio in the low yield segment per aforementioned with yield on loan declining from 7.4% to 7.3% yoy while cost of fund remained stable at 2.3% yoy for Q418. Net fee and service income totaled Baht 1,314
from 7.5% to 7.2% yoy from the expansions of loan portfolio in the low yield segment – housing loans, corporate lending and real estate development loans. 6 Meanwhile, cost of fund for 2018 was