2018. As per ISIT the Domestic capacity utilization was thus reduced to 29% in 2019 compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive

. Meanwhile, farm income declined due to a more-severe-than expected impact of the drought. The Bank of Thailand reduced Thailand’s economic growth projection for 2020 to contract 5.3% (as of March 2020

operates banking business, reduced the loan interest rate to assist customers impacted by the COVID-19 pandemic, which was the distribution of benefits from the reduced contributions to the Financial

cost of import duties 6.27 Million Baht. The rent was reduced from the classification 6.17 Million Baht and Other administrative expenses decreased. 2. Reversal Allowance for doubtful accounts by 0.29

been reduced due to the proceed of investment in the Northern Multi-Products Fuel Pipeline project (NFPT). 1.2 Expenses 1.2.1 Cost of services In Q1/2018, Cost of services was of Bt378.2 million, an

have managed to drive productivity and delivered our services with better efficiency in the use of resources. Gross Profit As a combined result of improved revenue and reduced cost of services, we booked

construction of SAAM Solar Power Two, which amounted to THB 4.56 million and increase in unrealized loss on exchange rate from equipment deposit, which amounted to THB 1.40 million, while the Company had reduced

comparing to the same period amount THB 7.3 MB, equivalent to 17.2% of net profit. Because the company has reduced gross profit due to the company having a lower cost of steel coil, but the selling price

margin decreased by 3 percentage points to 7% in 2019 from 10% in 2018. SGA expenses decreased by 2% [THB 19m] due to reduced SGA expense at the Jiaxing plant. Payout Analysis For the year 2019 the company

penalties and surcharges) as described in section of the operating results above. Bank overdrafts & short-term loans and Trade & other payable reduced by Baht 206 million and 521 million, respectively