following global crude oil price movement, led to an improvement of gross profit. However, production and sales volume decreased according to the Natural decline curve. In this quarter, there was a loss from

sales dropped from Baht 361.34 million in 2019 to only 289.18 million in 2020 or decreased by 19.97 %. This is a result of a 30 % decline of Thailand Automotive production. Export sales to South America

drastic decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In 2019, distribution costs, administrative expenses, and doubtful debt expenses was 1,390 MTHB, increased by

44.19 million or 99.93%, which was in line with the sharp increase in revenues from sales in this period. Gross profit margin in Q2/2018 was 62.21%, a slight decrease by 0.61% year-on-year. The decline in

of last year. The details are as follows: - The revenue from sales and service totaled 114.09 million baht, down by 7.23 million baht or 5.96% from the same period of last year. The decline was due to

2020, although total Profit for the year were significantly decrease from the previous year due to the COVID-19 pandemic, resulting in the decline sale of products in the banking and export sector

2018 gross profit margin was mainly driven by the adoption of economies of scale and efficient control of production cost. 2. Selling expenses In year 2018, the Company incurred selling expenses of Baht

of previous year of 406.89 Million Baht by subsidiaries have decline in sales of steel wires but in contrast subsidiaries distribute electricity and heat energy has increased in sale volume  Revenue

sales Revenue from OEM was Baht 62.3 million, decreased 14.1% from 1Q19, decline in economic conditions in the UK and EU markets, with covid-19 not yet reached in March. Unit : Million Bht. Q1 Q1 YoY

pressuring net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to