channel has expanded significantly, as well as effective cost management has resulted in maintaining profit margin at a good level. (2) Analysis of Operating Results and Profitability (2.1) Revenues from

and cost of goods sold The Company had total sales volumes and total production volumes were higher than last year mainly due to increased capacity according to Tolling agreement with G Steel during off

be Baht 446.70 million or an increase of 33.26 percent, due to expansion of distribution channels and effective cost management having resulted in maintaining profit margin at a good level. (2

Joint Venture (JV) Agreement with the Siam Commercial Bank Public Company Limited (SCB) to form a JV under the name AISCB Co., Ltd. (AISCB) through an investment of Bt300mn. AISCB is expected to commence

is approximately 120,000 megawatts, which are significantly from natural gas and coal-fired power. Demand growth is estimated to increase 1.3 percent annually. South Korea electricity market is cost

Baht 256,500,000 as per the Sale of Shares Agreement of NU dated 13 July 2018, with the precedent condition that the Company as the seller must receive the approval from the Board of Directors before

year 2018 was Baht 422.85 million, which increased from the previous year by 2.73 percent, due to effective management of production cost and selling expenses. (2) Analysis of Operating Results and

with Diamond Brand”, as well as effective cost management having maintained good gross profit margin and increased net profit in 2020. (2) Analysis of Operating Results and Profitability (2.1) Revenues

), increasing by Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 2 12.5% for sale volumes and increasing by 19.4% for production volumes. This mainly due to the Tolling agreement with G Steel

46,887.3 100.00 6,179.4 13.18 Cost of sales and services 40,944.0 77.16 36,677.3 74.51 4,266.7 11.63 34,471.5 73.52 6,472.5 18.78 Gross profit 12,122.7 22.84 12,546.7 25.49 (424.1) (3.38) 12,415.8 26.48