Q2 2023 increased at a similar rate to the change in revenue compared to Q2-2022. The increase rate in cost of equipment for lease and revenue was different. This is because the new project of

GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2018 Page 1 of 11 Management Discussion and Analysis This interim MD&A report has been prepared based on the

year. This is due to the lower sales than in the same quarter of the previous year, affected by the higher intensive competition in stainless steel pipes aluminum and copper in the market and resulting

profit margin according to established target despite the increase in cost of certain raw materials this year. Nonetheless, the Corporate Group is confident that, with this year’s operation model, the

%, representing 18.4% of total sales, a decrease from the ratio of 22.8% in the corresponding period last year. This was mainly due to a significant decrease in selling expenses in the UK market under the operation

Shipment volumes for this year were lower as compared to last year due to due to termination of Tolling activities since February 2019. GJS บริษัท จ ีเจ สตีล จํากดั (มหาชน) G J Steel Public Company Limited

cash for the benefit of this ongoing business, to repay long-term loans from financial institutions and loans from a connected person, reduce interest expenses and to pay office rent. Whereas the rest

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

the increase in cost of sale of Ratchaburi Electricity Generating Company Limited by Baht 85.53 million. This was due to the loss from provision of diesel oil in the amount of Baht 45.05 million in the

with the budget approved by the lenders. This achievement would enable us to keep record of managing the project to commence COD in time and in budget for 25 consecutive projects during the last 6 years