increase of 76 million baht or 4% from last year. This was as a result of an increase in marketing expenses, increase in personal expense caused by increasing employment of the Company’s subsidiaries

, the delivered projects in Q3–2024 have an increase in gross profit margins. As a result, the increase rate in income tax expenses was higher than the increase rate in revenue and the income tax expense

THB 187 million, respectively, which increased by 71% from Q3/2018 and 89% from 9M/2019, corresponding to the increase in operating revenue and better expense control to generate higher profit per store

increase in sales revenue from the same-store sales growth and the increase in number of branches, as well as the decrease in overall expense from increased production volumes (economies of scale). • Gross

48,201 46,018 46,319 Total liabilities million baht 14,260 13,544 14,428 equity’ Total shareholders million baht 33,941 32,474 31,891 Registered capital million baht 1,259 1,259 1,259 up capital-Paid

assets million baht 45,958 48,201 46,154 Total liabilities million baht 12,952 14,260 13,680 equity’ Total shareholders million baht 33,006 33,941 32,474 Registered capital bahtmillion 1,259 1,259 1,259 up

expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost which will reduce in 2020 as long-term loans are repaid. Golden

novation has no effect to the required Debt to Equity ratio due to the MRTA is fully responsible for the loan repayment according to the concession agreement. Overview Operational Results In the third

been paid so financial costs will come down from here on in. Income tax expense has increased as Saraburi Quicklime does not have BOI exemption although there are planned projects that will enable

constant for the rest of 2019. Income tax expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost. 3.2. Assets, Liabilities