173.84 in 2020. The main reason of the increase is a result from a dramatically increased of freight charge. Profit (loss) from operating activities In 2020, the profit (loss) from operating activities of

-year. Significant cost of sales consisted of cost of goods, imported freight, packaging cost and other import related expenses. Cost of sales is accounted for approximately 36.82 % of sales revenue with

the EEC. Three MOUs have already been signed for development of the aviation and logistics industry including MOU for aircraft maintenance center, MOU for air cargo development, and MOU for aviation and

in the process. Major projects in progress such as the Project of the development for train tracking system and cargo management of the State Railway of Thailand, the GDCC Service Expansion (VM

4.22% up from 2Q2016. The Consolidated SG&A expenses increased since higher freight cost from higher export volume and increasing of transportation cost comparing to 2Q2016. The consolidated SG&A

as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating

amounting to Baht 75 million and increased by Baht 11 million YoY or 17% due to the increase in sale volume partly offset by reduction in freight cost due to reduction in fuel prices. 4. Administrative

since lower freight cost due to lower export volume comparing to 2Q2019. The consolidated SG&A expenses in 2Q2020 were 9. 89% of revenue from sales, increased from 7.62% in 2Q2019. The consolidated SG&A

enterprises customers, for example: the project of train tracking system development and cargo management of the State Railway of Thailand, the Project of Geographic Information Acquisition and Development for

. Segments total may not match to IVL due to holdings segment. Excluding Feedstock price adjustment for captive sales to PET on freight saving. There are no impacts on regional or consolidated EBITDA. Summary