higher breakeven point as well as an increase in the unit production cost. Administrative and Selling Expenses Selling, general, and administrative expense as a percent of sales increased slightly to 13.9

marketing activities which concentrate to the brand awareness to support sustainable growth. However, the Company concerns about the importance of expenditure management efficiency. 4. Net profit and net

baht from the previous quarter. Administrative and Selling Expenses Selling, general, and administrative expense amounted to Bt421.8 million in 3Q19, or 13.7% of sales, a decrease from Bt463.7 million in

containment measures in Thailand. With regards to domestic demand, public expenditure would remain an important economic driver. Meanwhile, private consumption should gradually pick up compared to second

other incomes in 2018 was 1.78% of total sales, slightly decreased from 1.88% in 2017. Selling General and Administrative Expense The consolidated SG&A expenses in 2018 equaled to THB 1,372.02 million

improved to 1.17 times from 1.35 times a year ago. Capital Expenditure Total capex spend in 1Q21 of US$141M includes maintenance capex of US$44M. Our expected maintenance capex for 2021 and onwards is

the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

marketing events in the first quarter of 2018 than prior year such as “FN Fair” at head office and “FN Thank you sale” at branches. The Company efforts to carefully control promotion expenditure. Thus, 1Q18

of tax exempt status which can be carried forward and deducted as expenditure from the net profits acquired. For the year 2014 and 2015, the Company could claim this priviliege to the whole amount

manage expenditure more efficiency. 4. Net profit (loss) and net profit (loss) margin 1Q19 net loss was Baht 1.75 million, respectively as a result of the sales target was not achieved and slightly