a v e a ls o improved the gross margin from 44.6% in Q1 2019 to 47.7%. Selling and Administration expense Selling and administration expense (“SG&A”) closed at 28.47mb (Q1 2019: 20.92mb), an increase
tax expense (22.03) -3.1% (9.17) -1.1% (19.00) -2.3% 107.2% -13.8% Net profit 131.69 18.4% 121.27 14.6% 143.77 17.1% 18.6% 9.2% Non-controlling interests of the subsidiaries - 0.0% (1.09) -0.1% (1.24
130.44 15.7% 163.57 19.7% 160.71 19.6% -1.8% 23.2% 607.53 19.6% 658.03 19.7% 8.3% Income tax expense (9.17) -1.1% (18.98) -2.3% (19.07) -2.3% 0.5% 108.0% (66.21) -2.1% (77.22) -2.3% 16.6% Net profit 121.27
% 162.32 20.8% 163.68 21.4% 0.8% 1.9% 658.03 19.7% 660.86 21.0% 0.4% Income tax expense (19.07) -2.3% (18.59) -2.4% (18.20) -2.4% -2.1% -4.6% (77.22) -2.3% (77.65) -2.5% 0.6% Net profit 141.64 17.3% 143.73
) 2Q 2016 1Q 2017 2Q 2017 QoQ (%) YoY (%) Operating Revenue 181 190 199 4.9% 9.6% Cost of sales 79 89 87 -1.7% 10.4% Gross profit 102 101 112 10.8% 9.1% Selling, General & Administrative Expense 53 66 64
before income tax expenses 170.98 20.1% 169.68 21.3% 165.18 20.5% -2.7% -3.4% Income tax expense (20.16) -2.4% (20.57) -2.6% (20.28) -2.5% -1.4% 0.6% Net profit 150.82 17.8% 149.11 18.7% 144.90 18.0% -2.8
and Analysis For 1Q18 P a g e | 5 Shareholder’s Equity As of 31 March 2018, shareholders’ equity was THB 6,164 million, an increase of THB 283 million or 4.8% from 31 December 2017. Contributing to
Administrative Expenses For the first nine months of 2019, the consolidated operating and administrative expense were 6,926 million baht, increasing by 8% y-y and represented 40% of total revenues. The increasing
reasons change of expense as follows. Expenses: (Unit: Million Baht) Consolidated Separate Y2017 + Increased / -Decreased Y2017 + Increased / -Decreased Employee benefits expenses 432.73 (5.16) 417.64 0.70
million baht due to the purchase of more raw materials to support sales. As at 31 March 2019, the consolidated debt to equity ratio was 1.85 times. Panjawattana Plastic PCL. 28 Moo 2, Tumbol Chaimongkol