utilization, which was partially offset by a lower cost of the copper (Table 2). Furthermore, as the majority of factory burden costs are fixed, whereas total production volume decreased, which resulted in a

to 72% in 2Q18. The improved margin was not only attributed by the increase of fixed income from SW revenue and higher revenue per visit of non-SW category but also from the efficient cost control of

mostly fixed costs and had the amount close to the manufacturing expenses for the same period of the prior year. Enterprise solution business The Company had gross profit for the second quarter of 2019

of employee and executive expense and other expenses such as depreciation of fixed assets, leasing of office building and, overseas travelling expenses. Administrative expense of the first quarter of

million, which is increased by Baht 5 million or 19% compared to those of the prior year. It is due to the higher long-term loans used for the acquisition of fixed assets of the Group. Income tax expenses

, and the Group has gain on disposal of fixed asset amounting to 3.23 Million Baht in Q1 2017. While in Q1 2018 the Group has interest income 0.71 Million Baht and gain on short term investment 0.20

it was also a consequence of the administrative expenses in Q2–2018, which was similar to Q2–2017, which those were a fixed cost that continues to occur even if the revenue was decreased. As a result

economy of scale in term of declined fixed cost per unit were another factors to gross margin improvement. Administrative Expenses For 2Q’18 and 1H18, administrative expenses increased at the similar rate

(%) Savings 0.500-0.625 0.500-0.625 3-month Fixed 1.000 1.000 6-month Fixed 1.250 1.250 12-month Fixed 1.500 1.500 Apr 29, 2015 Bank of Thailand Policy Rate (%) 1.500 Non-Interest Income Million Baht Item

THB 28 million The Company and its subsidiaries have the net cash used in investing activities in the amount of THB 306 million as a result of and cash paid for purchasing fixed assets, intangible