gained from Phase 3 of the new plant that supported volume growth helped lessen the effect of the above on profit margin. The Company was capable to maintain a satisfactory level of profitability that
Page 1 of 4 No. RJH – SET 4/2019 25 February 2019 Subject : Management’s Discussion and Analysis for the fourth Quarter of 2018 and year ended December 31, 2018 To : The President The Stock Exchange
from reversal of inventory reserve for year 2016 from the selling inventory which already recorded inventory reserve, personnel expense to support business expansion, expense related to SET compliance
consecutive years. However, the company’s securities has selected in the SET High Dividend 30 Index or SETHD from the Stock Exchange of Thailand which the price index reference 30 shares group in the SET100
compare with the previous year amount to Baht 10.08 million, decrease Baht 0.12 million or decrease 1.17%, this is due to the company set measure to control appropriate spending. 4. Administrative expenses
% lower than 2016 6.8% due to revenues from lending business, which has a high margin in Gross Profit level, was decline. Selling and Administrative Expenses The Company incurred selling and administrative
% lower than 2016 6.8% due to revenues from lending business, which has a high margin in Gross Profit level, was decline. Administrative Expenses The Company incurred administrative expenses 211.0 million
related to insurance business and property development cost in subsidiaries. Moreover, the Company’s manage inventory level down to 1,300.8 million baht as compare to the end of Q2/2018 at 2,092.4 million
level. We also had to cut costs in all areas, suspend our investment plan and reserve cash to maintain a strong finance position during the crisis. Cost of Sales and Gross Profit The gross profit margin