backlog and delivery to customer and we can commissioning and complete project within due date. However the remaining backlog will be recognized within the 4th quarter in 2018 and the 1st quarter in 2019

operating results (Unit : 1,000 Baht) Q 3 ended 30 September % changes 2019 2018 Increase (decrease) Sales 96,567 203,415 (53) Total revenues 109,760 218,153 (50) Cost of sales 120,365 194,227 (38) Selling

is effective in 2019. 2.2 The decreasing gross profit margin in the remaining portion comes from the indirect cost, which is a fixed cost, was not decreased in the same direction of the sales. Gross

year 2018, financing cost increased THB 9 million yoy. This was due to an increase of bank loans for the acquisition of the remaining shares of the subsidiary in 1Q’18 and the subsidiary’s loan. Net

quarter 2 material adjustment of price decrease. The cost of raw materials prices are remaining to produce higher sales price at that moment.. 2. Cost of palm oil refining service in the fiscal year 2014

bidding process. The main reasons in which hindered the Company from securing the construction bidding contracts remain from two factors as follows; (1) The increase in cost of construction mainly prices of

% Cost of sales and services 159.63 68.5% 135.06 67.9% 24.57 18.19% Gross profit 73.54 31.5% 63.78 32.1% 9.76 15.30% SG&A 44.75 19.2% 42.42 21.3% 2.33 5.50% Selling expenses 27.81 11.9% 20.75 10.4% 7.06

% Total Revenues 450.56 382.22 68.34 17.88 Cost of Goods Sold and Services (439.72) (360.55) 79.17 21.96 Sales & Administration Expenses and Financial Cost and Tax Expense (27.77) (23.88) 3.89 16.29 Net

profit. Due to the decrease in the volume and the selling price of steel wire and UWC has cost of work and project work increased. Due to the recognition of all remaining expenses of the project that has

order together with remaining revenue from deliver - Cost of sale of industrial equipment 1.75 million baht, a decrease of 0.97 million baht or 35.61 percent compared to the same period in 2018 as