from the backlog had been recognized in Q4/2020. Moreover, the sales campaigns at the beginning of the year are not well-received as usual as a consequence of the COVID-19 pandemic. Regarding the income

101.48 million or 65.46%, which was in line with the sharp rising in revenues from sales in this period. Gross profit margin in year 2018 was 61.51%, going up by 59.98% year-on-year. The growth in year

and services increased by 10.87% from last year due to the sharp increment of raw material prices during Quarter 2 to Quarter 3 especially in natural rubber, synthetic rubber and chemicals groups. The

- 2. Cost of sales and gross profit The Company’s cost of sales in Q3/2018 amounted to Baht 57.43 million, rising year-on-year by Baht 25.81 million or 81.63%, which was in line with the sharp increase

growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome

and environmental responsibility as well as sustainable development. As a consequence of global economic situation and economic downturn in the country, the real estate sector has continuously been

or 9.7% which was mainly due to a direct consequence of the 2nd outbreak of COVID-19 in December 2020 ▪ Revenue from Sales of Raw Material decreased by THB 3.6 Mn or 9.4% due to franchise branches also

management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in

quarter last year. This is a consequence of altering the administration and management of projects to suit the work schedule. The changes are as follows: Cost of contract work amounts to Baht 210 million; a

26.5 million decreased from the same period of the previous year by THB 99.7 million, or equivalent to 136.1 percent, as a consequence of Covid-19 pandemic. The company need to adapt to the new norms of