unit cost following the Company’s higher capacity utilization to cater to larger production volume which helped pull down certain fixed production cost. 3. Selling expenses In Q1/2018, the Company
gradually pull back on their quantitative easing programs. Interest rates will rise, affecting Thailand’s financial environment although at the same time the Thai economy is still likely to expand
from the financial lease to buy the drag for investment in Euro Asia Total Logistics Limited Page 4 of 5 Net profit for the year Ended December 31, 2018 and December 31, 2017, equal to 96.19 million baht
Company Limited 5 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2020 made to maintain the price despite competitive pressure which remains. The engineering business while still a slight drag
expectations and every effort will be made to maintain the positive trend we saw since 2018 although the competitive pressure continues to increase. The engineering business was a drag on EBITDA in 2019 however
engineering. A similar impact is seen year to date where core business is running well beyond the same period in 2017 while the impact from lack of engineering contribution is a drag. We do expect Golden Lime
competitive pressure which remains. The engineering business while still a slight drag in Q2 has secured a project in Indonesia and will be a positive contributor in 2020 as a whole. Depreciation was closed to
other Siemens gas turbines on next scheduled major over haul: 1. Availability – to increase availability or reduce a number of maintenance days 2. Efficiency – to enhance heat rate of gas turbine as well
contribution is a drag of over 50mTHB annually in revenue. We do expect Golden Lime Engineering to contribute to top line growth as there are promising projects being negotiated and should materialize in the
discount was provided to those being impacted by measures to contain COVID-19. Still, the discount did not significantly drag gross profit margin down due to reduction in advertising and marketing expense