increase more export volume, sales revenue, lower production costs so that the bottom line could be achieved and better than the previous year. 3. Management’s Message Management’s Discussion and Analysis
quarter production and sale volume should not be a reflective to volume for the remaining period in 2019. The Company has already embarked on a maintenance programme last year, which includes, improved
decreased by 36.9% from THB 62mn to THB 39mn with a decline of Net profit margin to 5.7% from 23.7% in 2Q 2018. The lower-than-expected net profit’s performance was mainly from the adverse impact from
has improved from 15.5 % in the first half of 2017 to 42.2 % in the first half of 2018, resulting from asset monetization to HREIT. This gross margin had accounted for the fair value adjustment of the
efficiency. As a result, in the second quarter of 2018, has orders in many large projects, such as the Improved treatment system of 300 cubic meters per day project (from delivery 2 times), water system
and Japanese team’s management will allow the group to rely less on external source of aluminum can and at lower cost. 3 Selling, general and administrative (SG&A) expenses SG&A expenses amounted to THB
robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain
that in the same period of the previous year due to lower wind speed. (3) Revenue from sales of RCO increased due to the acquisition on October 1, 2019. Management Discussion and Analysis For the Three
Business improved from 31.6% in 1Q2017 to 35.1% in 1Q2018 mainly due to increased selling volume and ability to manage operating costs effectively. Our 1Q2018 Gross Profit was recorded at Baht 149.0 million