119.78 2.53 117.25 4,634.39 Cost of construction contracts (368.25) (333.53) 34.72 10.41 Gross profit 46.09 41.01 5.08 12.38 Other income 2.70 0.27 2.43 910.24 Administrative expenses (21.86) (16.63) 5.23

with a competitive price. As a result, the domestic sales slowed down compared to last year. Furthermore, the manufacturers from China and Europe still maintain their maximum production capacity which

Million Baht, accounting for 2.06% from the same period of previous year because of the fluctuation of LPG price. The average cost and selling price decreased 4%, while volume sold in Q1 2018 increased 2.06

the same quarter of the previous year by Baht 25 Million or 9.9 percent mainly from the pre-operating expense of the new project which cannot be recorded as cost of construction according to accounting

and space usage expense of production unit. Major part of cost of sales is raw materials. Gross Profit Gross Profit Margin +48% +67% Q4/2022 vs Q4/2021YoY • Gross Profit in Q4/2022 was THB 166 million

-37.78% Total Income 936.78 100.00% 537.52 100.0% 399.26 74.28% Expense Cost of sales 746.55 79.69% 326.94 60.8% 419.61 128.34% Selling expenses 51.52 5.50% 57.61 10.7% -6.09 -10.57% Administrative

service 10,311 9,775 536 5.5 Selling and administrative expenses 1,336 1,364 (28) -2.1 Finance cost 1,343 1,422 (79) -5.6 Interest expense from the MRT Purple Line Project 380 435 (55) -12.6 Total expenses

3,293.90 -537.46 -16.3% Other income 19.49 25.33 -5.84 -23.1% Total revenue 2,775.93 3,319.23 -543.30 -16.4% Cost of goods sold & service 2,427.69 2,882.47 -454.78 -15.8% Selling & distribution expenses

21.6 percent of total cost of sales and services respectively. The rising amount was mostly due to higher average market fuel price, and additional excise tax rate on fuel costs from 1.0 percent to 23.0

cost and fuel cost) (meaning total expenses from the standalone financial statements net loss on sales of investment, loss on sales of leasehold right and fuel expense) divided by ASK.