addition, some shipments were not recognized as sales revenue in the second quarter in accordance with relevant incoterms, and partly due to consignment stock: consignment fill-up totaled Bt813 million

. The increased selling expense was due to a change in commercial trade terms, while freight costs were lower due to a change in incoterms from CIF to FCA and Ex-factory, furthermore sea shipments

the same period the previous year. Selling expense, such as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of

orders fell sharply by 42% Q-o-Q and 37% Y-o-Y (Table 5). Whereas consignment stock usage was lower at Bt431.5 million in the second quarter, representing a decrease of 50% Q-o-Q and 43% Y-o-Y (Table 3

/ (Decrease) Percentage Sea Freight 150.77 178.21 (27.44) (15.40) Air Freight 192.94 105.73 87.21 82.48 Logistics Management 85.47 71.76 13.71 19.11 Total Service Revenue 429.18 355.70 73.48 20.66 1. Revenue

Service For three months until end of September 30 For three months until end of September 30 Increase / (Decrease) Percentage Sea Freight 149.20 160.60 -11.40 -7.10 Air Freight 246.64 124.16 122.48 98.65

addition, there was a backlog of orders at the end of the year and unrealized consignment sales (Table 3). However, sales in THB terms were affected by the appreciation of the THB against both the USD and

: Unit : THB million Service 2017 2016 Add (Reduce) Percentage Sea Freight 635.03 503.93 131.11 26.02 Air Freight 465.59 293.76 171.83 58.49 Logistics Management 295.75 224.80 70.95 31.56 Total Service

in the automotive industry have recovered. As a result, ocean freight began to resume playing a role in the Company's operating results. Cross Border Service is an alternative service that is very

. The increase in demand by air freight, in particular, encouraged the cross-border land transportation (CBS) business to turn a profit on the net loss last year. This contributed to a significant growth