. Revenues from sales and services decreased from Baht 172.58 million to Baht 133.41 million in the amount of Baht 39.17 million. As a result of the slowdown in the real estate market, the Company adjusted its

) Ocean Commerce Public Company Limited 148/1 Soi Ramintha 14, Ramintra Road , Tharang, Sub - District Bangkok 10230 Tel: 02-943-6663-4 Fax: 02-943-6343 02-943-7740 2. Decrease in cost of sales and services

in 2016 to Baht 357.72 million in 2017, or 9.49%, due to the increasing competition from the market and customers were unable to install them that affected sales recognition did not on the target

amount 29.592 million baht, compared with the same period of 2018, gross profit amount 20.963 million baht, increasing gross profit amount 8.629 million baht or 41.163 percent increase due to Cost of sales

2019 (1st quarter of 2019) as follows: Q1/18 Q4/18 Q1/19 QoQ % YoY % Net Revenue 206.12 244.4 194.28 -50.12 -20.51 -11.84 -5.74 Cost of Goods Sold 180.77 200.32 163.05 -37.27 -18.61 -17.72 -9.80 Gross

0% 18 18 13 6 -45% Total expenses 514 517 652 (135) -21% 1,022 1,029 1,114 (85) -8% Cost of sales 424 419 519 (100) -19% 846 839 892 (53) -6% Cost of service 5 5 4 1 40% 16 16 8 8 98% Selling expenses

economic slowdown, including the decrease in the demand for leather in the world market. Customers delay orders. 1.2 The company had revenue from the energy business group, which was generated from

of a Community Mall for sale 2. Total expenses amounted to 110.45 million baht, a decrease of 1,260.79 million baht or 91.94 percent from the previous year to consist of 2.1. Cost of sales - property

in number of branches. In addition, the cost per unit decreased due to the increased production volume (Economy of scale). • Gross Profit margin in Q3/2023 was 66.0%, increased from 64.6% in Q3/2022

and capital market, as well as maintain its financing cost at an optimum level for its businesses going forward. Table 2: Summary of Profit & Loss Statement 4Q 3Q 4Q YoY QoQ FY FY YoY 2017 2018 2018