downsized business and continued pursuing debt collection respectively. However, the Company has been expanding more online service channels to customers and reduced the Company’s operation cost. As a result
margin was 60.2% which improved from 56.6% in 2017, mainly due to the lower cost of land transfer and the increase in selling price. Utilities & Power Business 2017 2018 Increase/(Decrease) THB mm THB mm
profit are the followings: 1. Underwriting expense has risen by THB 78.74 million (19.83 %). However, this follows an increase in gross premiums written (sales) of THB 116.18 million (25.6%). Whereas sales
capital. The key success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue
respectively, equivalent to 62.5% and 76.0% of total revenue in Q3/2016 and Q3/2017 respectively. An increasing in cost-of-sale was derived from the rise of average steel-coil price, which the average steel-coil
production cost of the Company. The rapid increment of pipe prices led to delay the customer purchasing. Consequently the Company could not increase the price in the same proportion because need of production
distribution in other potential countries of Africa, Americas, and APAC. For domestic market, substitute products from importers got flooded as strong Thai Baht made overall imports cheaper causing intense price
2019 was THB 53.6 million, decreased 6.9% which amounting to THB 4 million due to the fact that online segment was closed in 2019 from market price had been declined significantly. Thus, revenue from
business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue. Due to this business has low gross profit