. However, the cost increase was at lower rate than revenue increase. Likewise, 4Q17 hospital cost increased by 10% yoy lower than revenue growth. As a result, gross margin improved to 30% in 2017 from 28

to lower orders from existing customers. 1. Cost of sales and gross profit The Company’s cost of sales in Q1/2019 amounted to Baht 47.20 million, decreasing year-on-year by Baht 30.75 million or 39.45

appreciated of Baht to USD as described, and the change in portion of sales between FPI production and trading. The portion of sales of FPI production was higher than trading in this quarter, while lower than

. Besides, its revenue was affected by lower demand and the disappearance of foreign tourists. The Company recorded a share of loss from Scentimental of Baht 1.04 million in the second quarter. 2. Total

decreased by 32.1%, mainly from loan repayment of THB 5,000 mm, from WHAUP’s IPO proceeds. Moreover, the Company had repaid the loan from assets monetization to REITs in the fourth quarter of 2016.  The

Baht (7.18) million because we recognize revenue from construction engineering with lower gross profit margin than electrical and telecommunication engineering service. 2. Management Service (“MS”) had a

first six months of 2017 was at 7.89%, higher than 6.83% for the same period in 2016. This is because the additional construction work of Xayaburi project has lower gross profit margin than the main

due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales

, improving 1.1% YoY mainly driven by strong growth of fixed broadband and non-mobile enterprise business. QoQ, core service revenue dropped by -1.9% mainly from lower mobile revenue. Mobile revenue impacted by

in brokerage fee, fee and service income and other revenue on lower market trading volume and fluctuated market condition, Krungthai ZMICO was able to strategically control cost and improve operational