of raw materials is down. As a result, gross margins widened to 20.9% in 2017 from 14.8% in 2016. Production overhead in 2017 increased by 17.31 million baht or 15.7% from 2016 due to the cost of

result from the company increased its flexible packaging production line since Q2/2017, in Q1/2017 the revenue from flexible packaging had not yet recognized. For other income, the company had other income

affected from alternative energy development plan(AEDP). Moreover government recently announced that bought alternative energy with lower price, it caused decreasing investment. The revenue from sale

has better control of the production cost especially in the automotive parts, milk and yogurt packaging segments. As a result, the production process became more efficient and losses were reduced. But

Quarter 2017 2 nd Quarter 2016 Group Revenues 5,445 5,212 Group Sales Volume (k tons) (27) 660 P er fo rm an ce Group EBITDA (735) (14) HRC Sales (k tons) 302 340 HRC Production Volume (k tons) 17,252

last year. Meanwhile, imports of Hot Rolled Steel decreased by 14% and Domestic Production increased on 11.5% compared to same period last year. The trade war between USA-China, high imports due to

177 HRC Production Volume (k tons) 185 139 HRC Average Selling Price (THB./ton) 15,885 19,160 HRC Cash Margin (THB./Ton) 590 (58) Unit: million Baht 31 March 2020 31 December 2019 F in a n ci a l S ta

of cost of goods sold so cause gross loss. Total revenue decreased due to the decrease of sale volume and selling price. Sale volume decrease cause by production volume decrease. Both company and

agricultural sectors which is the main customer of the company. Anyhow, the company still have higher revenue from the sale of Flexible packaging (new production line) compared with the same period of previous

production line of flexible packaging and the machine setup process is not complete and new employee lack of expert skill and the use of raw material is inefficient, cause a high production cost. 3. Selling