and services increased by 10.87% from last year due to the sharp increment of raw material prices during Quarter 2 to Quarter 3 especially in natural rubber, synthetic rubber and chemicals groups. The

- 2. Cost of sales and gross profit The Company’s cost of sales in Q3/2018 amounted to Baht 57.43 million, rising year-on-year by Baht 25.81 million or 81.63%, which was in line with the sharp increase

-months period ended 31 March 2020 and 2019 were THB (1.72) and 22.90 million respectively, a decrease of THB 24.62 million or 107.51%. Major reason for sharp decrease in Company net income is due mainly to

THB 10.66 million or 56.16%. Major reason for sharp decrease in Company net income is due mainly to the epidemic of Covid 19 which have a negative impact in revenue from real estate business. Therefore

30 September 2019 and 2018 were THB 19.00 and 186.33 million respectively, a decrease of THB 167.34 million or 89.80%. Major reason for sharp decrease in Company net income is due mainly to decrease in

percent of sales when compared to the same period of 2018 with gain on exchange rate of 0.48 million baht or 0.06 percent of sales or 260.70 percent increase. - Affiliated companies (Gratitude Infinite

Co., Ltd.), a name similar to GIFT’s former name (Gratitude Infinite Public Company Limited), to operate a business of the same nature as GIFT and in direct competition with GIFT. Evidence indicated

decreased from Baht 67.0 million to be Baht 50.7 million or equivalent to 24.29%. Therefore, the gross profit margin in Q2/2017 was declined from 7.12% in Q2/2016 to be 5.78%. This was derived from the sharp

81.96% in line with the sharp increase in revenues from sales in this period. Gross profit margin was 63.63%, higher than that of 55.63% a year earlier, as a result of the significant increase in sales

349 SJ Infinite I Business Complex, Unit 1507, 15th Floor, Vibhavadi-Rangsit Road, Chompol, Chatuchak, Bangkok, 10900 Tel. 02 075 5667-8 Fax. 02 075 5669 Website: www.eicasia.net -(Translation)- Ref