net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare

we expect a positive impact in 2020. Depreciation was 9% higher versus with 2018 as the improvements in the kilns were recognized along with additional machinery for dolime production. Income tax

depreciation of plant and machinery that contributed to higher share of cost of goods sold. In addition, the Company executed sales promotional campaigns for slow moving inventories that accounted for lower

price at amount of Baht 108.99 million increased from ended 31 December 2017. 6. The subsidiaries’ property, plant and equipment increased by Baht 336.31 million from the factory which is under

electronics and machinery and equipment that can return to expand Meanwhile, motor vehicles and parts contracted less and manufacturing production contracted less due to improved production in almost all

+ account receivable) / Current liabilities ) GPSC - Q2/2020 Management Discussion and Analysis (MD&A) 20 Project updates: The project progress has reached 96%. The procurement of machinery and equipment is

started utilizing its tax benefits approximately Baht 70.0 million from the investment in new machinery. Q1/2020 vs Q4/2019 (QoQ)  Net profit in Q1/2020 reduced by 16.0% QoQ, mainly due to the decreased

according to the additional paid up in the capital of GPSC’s associates and in increase in plant, property and equipment (PP&E) of subsidiaries in which the power plants are in construction. Moreover, for Q1

machinery (NT-11) of Baht 120.47 million, cash payment for tools and equipment replacement after their useful life of Baht 78.87 million, cash advance payment for purchase of assets of Baht 6.85 million and

been determined based on value in use calculation using 5 years cash flow projections. Loss on impairment of equipment and intangible assets was 3.1 million baht. However it was non-cash item which no