productivity both in short and long term. As a results of the above reasons, gross margin has reduced to 21.8%, dropped from 26.5% and 24.4% from the same quarter of last year and last quarter respectively

, mainly due to such increased costs as described above. The ratio between net profit per the sales revenue is decreased by 7.6 percent compared to the same quarter of the previous year (decreased by 6.8

bank borrowing in March of 2017. Until now, the company had lower financial cost 4 / 5 Apart from the financial cost for the ordinary business units above, the company had a small decrease in financial

loss rate increased from the year 2018 due to the decrease of the total revenue of the company while having higher administrative expenses as mentioned above. Financial Statement for the ended of 30

real estate developers. MK had several housing projects close to closing and prices were discounted to buyers. All of the factors that mentioned in the above caused MK’s gross profit margin in this

due to decreased revenue from sales in China and such increased costs as described above. The Company has the net profit for the year 2019 in total of 366.2 million Baht or equal to 7.0 percent of sales

levels of air pollution and the long hot season. However, there was a slowdown in sales during the second half of 2019 as a result of the negative economic factors discussed above. Nonetheless , the

diminished by the increment of distribution costs and administrative expenses, plus foreign currency differences on dissolution of its subsidiaries as mentioned above. At the bottom line, the Company and its

(3,251) (31) Total cost of sales in 2019 decreased from the same period of 2018 by Baht 3,251 million or 31%, which was in line with the revenue in each business segment as shown in the above table of the

business performance after deducting dividend payment. From above Statements of Financial Position, D/E Ratio as of December 31, 2019 was 1.15 times, decreased from ratio as of December 31, 2018 (2.15 times