-19 pandemic, the Company has been more cautious in managing the investment portfolio to mitigate risk exposures, which may result in lower-than-expected investment return. Our subsidiaries have

Expenses 173.84 168.24 3 Reversal of allowance for doubtful account 16.10 7.38 118 Reversal of allowance for diminution in 2.19 0.63 248 value of inventories Profit (loss) from operating activities 169.16

pipe. Now the Company is the leader for Pre-zinc structural pipe and be the one who determines in developing value-added products and extends the market for co-related business particularly in the way to

numbers shown in this management discussion and analysis are likely to be different from the Company’s financial statement due to the rounding to 2-digit decimal and unit changed to million baht Turn-key

the financial performance for the second quarter of 2020 In the second quarter of 2020, the Company reported revenue of THB 176 million, which increased by THB 90 million from revenue of THB 86 million

mostly because of an increase in equity capital from the IPO and a recognition of a net profit for the nine months period ended 30th September 2020. Yours Sincerely, (Ekarin Luengviriya) Managing Director

65.96% Non-controlling interests - - - - Total comprehensive income attributable to Owners of the Company (87.66) (259.81) 172.15 66.26% Non-controlling interests - - - - 1. Operating revenue In summary

calculated from the net profit attributable to equity holders of the parent on consolidated financial statement. 2) Decimal numbers shown in this management discussion and analysis are likely to be different

1 At JSP 067/2561 (OOP) 14 June, 2018 Subject Notifications of the connected transaction-borrowing from connected person, Appointment of Director replace the directors that were resign before the end

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