have completed a couple of significant projects contributing to higher recurring revenue going forward. Revenue from overseas markets has improved YoY but was offset with the reduction in non-recurring

waste tends to decrease. The company expects that the waste sent to the company will be lessen during the second to third quarter of 2020 around 15-20 percent reduction. Presumably, the waste situation

million, equaled to 3.86% of the total revenue from operations. The main decrease for THB 7.92 million came from the tourist reduction due to Coronavirus disease 2019 (COVID-19) and the smoke pollution

from Financial Solutions increasing by 4.60mb or 10.2% b u t o ffse t b y by the reduction in non-recurring revenue by 4.00mb or -12.6%. Other Income Other income has increased by 6.60mb or 116.6% to

2021. Increase sales volume, internal cost reduction activities, productivity improvement and turnaround of Portugal contributed to the improvement of gross profit margin. Selling and administrative

reduction due to microchip shortage which has negatively impacted total car production in Europe. The dealership business experienced lower sales both in Thailand and Malaysia compared to Q3 2020 mainly due

consumers with information on how to properly sort plastic waste. This was not only for the safety of the garbage collection tricycles and staff,  but also would help the reduction of plastic waste to

2019, will start commercial production in Q4’19. This factory has been equipped with the state-of-the-art technology which better efficiency and cost reduction can be done through flexibility in raw

THB 362 million respectively. The decrease is mainly due to reduction in sales volume as explained above. • Administrative expenses Administrative expenses for year 2019 and 2018 amounting to THB 543

THB 476 million for Q2-2016. The reduction in profit margin was caused from the selling price dropping as the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of