to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

same period in 2019. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include sales from the Company, the

, a decline of Baht 1,366.26 million as compared to net profit of Baht 1,316.43 in the same period of the previous year. This was mainly due to reduced share of profit from investments in associated

as income from property rental dropped 12% or 4.1 mil. baht to 30.7 mil. baht due to the decline in occupancy rate. Income from Chemical Distribution business increased marginally from 226.3 mil. baht

million baht to 10.9 million baht. Meanwhile, income from property rental dropped 17% from 97.7 million baht to 81.3 million baht due to the decrease in warehouse rental. Dividend from investment dropped

overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from appreciation of Thai Baht against US Dollar. However, those negative impacts were

overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from lower sales volume due to scheduled maintenance and the power supply outage in

2019 showed a loss of Baht 108.49 million, a decline loss of 25%. The Company would like to clarify significant changes of Group’s operation results were summarized as follows: 1. Revenue from sales of

, representing a decline of 22.1% Y-o-Y and decrease of 8.9% Q-o-Q. The Y-o-Y decrease was primarily attributed to the reduction in gross profit rate, the substantial effect of a change in foreign currency

of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling