long-outstanding receivables has recorded in accordance with the Financial Reporting Standard No. 9 Financial Instruments (TFRS 9) and also the employee-related expenses have increased. -3- Financial

MB Subsidiaries / Others 3.31 MB 4.39 MB Total 122.79 MB 179.59 MB In the second quarter of 2019, the Company has a higher lawsuit expense for outstanding debtors. Moreover, the Company was gradually

were 2 large projects which had been completed and delivered in 2018. While many projects in 2019 were small to medium-sized projects. Smart service business The Company had revenue from Smart service

the Company obtains new projects which were still work in progress and not yet completed for delivery. Other current assets decreased by 34.3 MB or 36.3%, due to an increase in prepaid maintenance cost

of machine for some manufacturing process has been completed, it will increase the manufacturing efficiency and decrease the long term cost. The Company expect that the cost will be reach the suitable

, especially when it compared to the Q4–2018. This is because the gross margin in Q4–2018 was a relatively low. In addition, it had recorded the allowance for doubtful accounts for long outstanding receivables

Provincial Electricity Authority that started the project since the first quarter of 2018 has been completed in the first quarter of 2019. Smart service business The Company had revenue from smart service

Q2–2019 shows the increase of its outstanding from Q1–2019 and Q2–2018 which were in line with the increase in revenue. In addition, In Q2–2019, there was an additional reserve for employee benefits

and nearly completed to transfer to customers. Besides, the Company was able to reduce the inventory to 846.6 million Baht, compared to at the end of the year 2018, equivalent to 1,329.1 million Baht

largely been completed. Income tax expense has decreased due to the lower EBITDA. Net income was up 5% due to a decrease in financing costs as interest rates have reduced which is positive and the lower tax