loss of revenue recognition from design engineering. 2. Cost of contract work In the first quarter of 2019, the Company and its subsidiaries had cost of contract work amount of 120.28 million Baht, the

same period in 2017 of THB 117.35 million by THB 11.92 million or 10.16% mainly due to higher revenues from HR solutions. HR Solutions grew by THB 15.13 million or 16.70% resulting from the recognition

revenue from maintenance and service highly increased from 2018 due to revenue recognition of MA USO (Phase 1) since Q3/62 and maintenance service for MRT Blue Line Project. Selling and administrative

million, or 6.65%, in the first quarter of 2021 due to the Company’s more contract manufacturing in full-service format, resulting in the recognition of cost of raw materials and packaging materials

3.26 20.74 Total 650.90 525.52 125.38 23.86 - Contract Manufacturing Business for ready-to-drink milk and pasteurized fruit juice increased by Baht 121.29 million, or 23.93%, in Q1’22. There was the

occur from several projects and backlogs of IGE and subsidiaries. The contracts of the projects have been postponed and made the revenue recognition is not on schedule. 2. Sales and Services increase from

compared with the same quarter last year was due to the expedited delivery of projects such as USO (Phase 2), Cable Landing Station and CAT-IDC, together with the revenue recognition of MA USO (Phase 1

Exchange Loss on foreign exchange presented at Baht 74.2 million, increase by 100.0% from forward contract.  Finance Costs Finance costs presented at Baht 4.2 million, decreased by 13.1% due to decrement in

profit. Due to the decrease in the volume and the selling price of steel wire and UWC has cost of work and project work increased. Due to the recognition of all remaining expenses of the project that has

previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded since 2018