devaluation of inventories 160 4 3861% Total cost of sale 29,628 14,319 107% Selling expenses 362 185 95% Administrative expenses 500 496 1% Bad and doubtful debts expense 10 3 228% Loss on confirmed purchase

inventories 160 4 3861% Total cost of sale 29,628 14,319 107% Selling expenses 362 185 95% Administrative expenses 500 496 1% Bad and doubtful debts expense 10 3 228% Loss on confirmed purchase orders 41 0 100

mainly due to reduction in input costs and improvement in Operational parameters through several Strategic Management Initiatives. The Current quarter EBITDA also includes one off expense on account of

scrap sales which are the results from the processing of cold rolled stainless steel sheet and coil such cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap

canning plants, and pressure from the rising cullet price over the past year i.e. in 2017 had caused the rising in cost per unit of branded products by our own manufacture. Part of which was compensated by

scrap sales which were the results from the processing of cold rolled stainless steel sheet and coil such cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold

) loss on devaluation of inventories 160 40 (300%) Total cost of sale 3,303 8,705 62% Selling expenses 43 109 61% Administrative expenses 130 112 (15%) Bad and doubtful debts expense 0 64 (100%) Loss on

sale weight and selling price. In addition, there is a one-time expense for big maintenance of forming machines for the purpose to use them in long-term. As a result, gross profit decreased in the

cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Majority of cost of goods sold are cost of

the 1st quarter was 104.8 million baht decrease 11.4 %. Net profit margin equal to 3.9% equivalent to the ratio of earning per share to 0.116 the decrease was a result of the economic slowdown and the