first half of 2019. On the costs side SG&A has again shown further improvement and versus 2017 overall dropped 1% as a percentage of revenue as the synergies of integrating Saraburi Quicklime impact
for quarterly and half-year ratio analysis.
lower-than-expected net profit performance was negatively impacted by an expected event in Malaysia, where advertisers cut back their spending due to the country’s sluggish economy during the first half
year mainly due production disruptions during 1st Quarter 2019 combined with the negative HRC cash margin for second half of 2019 resulting from large decrease in HRC selling price compared to last year
to customers as targeted by transferring more than half of the total units in the project. With the success of the development of real estate for sale in the past year, the Company could make a net
half of 2019. By the way, Solar Energy Power Plants segment has an operation profit since Quarter 3 which expected to grow in the future. Administrative expenses Administrative expenses for the year
slower-than-expected recovery of advertising expenditure during the first half of 2017, the VGI believes that an improvement in advertising spending is in the offing for the remaining months of 2017 as
, 2016; and (ii) the inclusion of revenue for a full half-year operation in 2017 of ABP5, located in Amata Nakorn Industrial Estate, which started operation on June 1, 2016 EBITDA EBITDA increased 17.3
property development projects recently invested by the Company has been continuously decreased as 1 project was sold out and other projects mostly sold more than half of its sales units. 10. Opinion of the