provision in first quarter of the year for the additional employee benefits at the amount of approximately 7.7 million baht in order to comply with the Labor Protection Act, revised and announced in 2019. 1.1

of borrowing to support hire purchase loan expansion and maintained the company interest spread. For the provision expenses for the fourth quarter of 2019 million baht, a decrease from the same period

margin of 16.6% increasing from the gross profit margin of 10.2% over the same period of last year. The increase in the overall gross profit margin was mainly driven by the reversal of provision for

1.8 million mainly from provision for bad debt, and UPOIC’s selling expenses increased by Baht 2.6 million from goods transportation which is in line with sales volume. Administrative expenses

Company and its subsidiaries have controlled the selling and administrative expenses during the year. Moreover, the Company and its subsidiaries have set aside provision in first quarter of the year for the

accordance with the provision of the shareholding proportion to facilitate it’s working capital, and to allocate cash flow of the business more appropriately and will encourage the other projects continuous

benefits in the current year. While there is a one-time provision of approximately Baht 7.7 million in the first quarter of 2019 in order to comply with the revised labor law newly implemented in 2019. 1.1

profit and net profit. Moreover, the Company and its subsidiaries have set aside provision in first quarter for additional employee benefits at the amount of approximately 7.7 million baht in order to

follows: 2.1) Costs of fans sold, amount Baht 1.57 million, increase by Baht 0.53 million or 51.59 percent because the last year costs of fans sold included the reversal of provision for obsolescence, so

policy. Moreover, in the first quarter of 2020, the Company has an additional provision in accordance with the new Financial Reporting Standards (TFRS 9) coupled with provision for future impact of ongoing