, driven mainly by exports sector, private consumption, government spending and investment. In the fourth quarter, Thai economic growth is expected to be driven by government initiatives such as Low-income

power of those consumers relying on agricultural income have been affected by the drought and low commodity prices. However, the impact on private consumption is expected to be eased to some extent by

from the declining of revenue which because of the high market competitive in the competitor and pricing whereas the gross profit margin increased from the declining of high cost and low margin projects

low gross margins because of the relatively high competition. Cost of equipment for lease of the Q4–2020 greatly increased from Q3–2020 and Q4–2019. This is because some projects of equipment for lease

, especially when it compared to the Q4–2018. This is because the gross margin in Q4–2018 was a relatively low. In addition, it had recorded the allowance for doubtful accounts for long outstanding receivables

sales revenue is increased by 1.4 percent compared to the same quarter of the previous year (decreased by 0.6 percent from Q4/2019), mainly due to cost control in terms of production and distribution

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

(1,895.0) (3.57) 49,224.0 100.00 1,947.6 3.96 Cost of sales and services 40,697.1 79.53 40,944.0 77.16 (246.9) (0.60) 36,677.3 74.51 4,019.8 10.96 Gross profit 10,474.5 20.47 12,122.7 22.84 (1,648.2) (13.60

of 8 projects. Cost of Sales In 4Q/18 the Company’s real estate business cost equaled THB 1,010.8mn, an increase of THB 752.9mn from THB 257.8mn in the same quarter of the previous year in line with

MACO and PlanB would provide opportunities for cost-reduction going forward. The transaction is subject to be approved at the Extraordinary General Meeting on 17 December 2019. Pre Shareholding Structure