16,601 (14%) (8%) 48,283 53,047 10% Cost of sales (excluding depreciation and amortization)1 (13,835) (12,488) (11,217) (19%) (10%) (34,402) (36,648) 7% Gross profit1 5,391 5,650 5,384 (0%) (5%) 13,881

operation had more improvement and effective. - Finance Cost The Company recorded finance cost of 1,568 million baht for nine-month period, decreasing by 2% y-y. For the third quarter, finance cost was 527

year 2018 amounted to THB 836 million which loss higher than last year mainly due to HRC selling price is stable whilst the cost for import scraps is continuous increase. However, for the year 2018, the

the year 2018 amounted to THB 836 million which loss higher than last year mainly due to HRC selling price is stable whilst the cost for import scraps is continuous increase. However, for the year 2018

a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the

) (21.64) Revenue from project works and services 87.05 79.26 7.79 9.83 Total Revenue from Sale and Services 215.57 243.28 (27.71) (11.39) Cost of sales of goods 92.48 116.61 (24.13) (20.69) Cost of project

quarter of 2018. Moreover, ICUK shall also give an emphasis on cost reductions particularly in redundant procedures to deliver appropriate rate of return on sales. In term of sales, ICUK continues to gain

to reduce the rental burden and able to run the business continuously. Specifically, the factory has been in production here for over 30 years, with low-cost and well-equipped factory management

% respectively, while international business grew at 7.3% at constant FX. Q4’19 Revenue from sales were at THB 6,621 million (+4.6% YoY). - Fit Fast Firm project (OSP’s cost saving program) successfully delivered

. Cost and selling and administrative expenses in 2016 decreased by 74 million Baht compared to the previous year. The main reason was the decrease of cost on raw material and machinery maintenance