., Ltd.), which has just been established on March 19, 2018, recorded a higher net loss because it has still been in the initial period of business operation and new product launch on the market. Yours

Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 G J Steel Public Company Limited Page 2/13 2. Business Outlook The Domestic HRC prices were severely

follows. 1. The Consolidated and the separate statements for the nine-month period ended 30 September 2019 recorded brokerage fees income earned from securities brokerage business was Baht 693.83 million

investment is to expand the overseas business of the Company, where MGE and MGG will be manufacturing and trading companies for glass bottle products in Myanmar respectively. Structure details are as follows

to support business expansion and to reduce some of the rental costs. In addition, the company invested in machinery and equipment for a new branch in Jiangsu, China. While current assets decreased by

expenses. Specific business tax and transfer fee were in accordance to revenue. 4.2 Administrative expenses In the first quarter 2019, the administrative expenses at Baht 23.09 million, increased Baht 0.84

million or 12.01% compared to the same period of 2018 because company and subsidiaries had less advertisement and promoting expenses. Specific business tax and transfer fee were in accordance to revenue

to the same period of 2018 because company and subsidiaries had less advertisement and promoting expenses. Specific business tax and transfer fee were in accordance to revenue. 4.2 Administrative

and other regions around the world. Moreover, the production cost in India is very low, which is in line with the policies and goals of the company to diversify risks from core business operations. The

asset to generate revenue and it is only a place to run a business, which the Company can change to other locations. Also, the Company’s main income-generating asset is personnel. The Company is currently