2017 due to the Government Procurement and Supplies Management Act B.E. 2560 that is more stringent and resulted in government agencies becoming more cautious in spending. For domestic sectors

% up from 2018; primarily from increasing in raw materials and medical supplies. The inventory turnover period was 5 days, remained the same as 2018. The Company and its subsidiaries recorded allowance

administrative expenses constituted expenses on personnel, marketing & promotion, office supplies, professional fees, and depreciation and amortization of office equipment and hotel properties. In 2017, CPN

; primarily from decreasing in raw materials and medical supplies. The inventory turnover period was 5 days, remained the same as 2016. The Company and its subsidiaries recorded allowance for non-movement

& promotion, office supplies, professional fees, and depreciation and amortization of office equipment and hotel properties. In 1Q18, CPN reported total administrative expenses at THB 1,203 mn, an increase of

mn, a 20.2% increase YoY. Administrative Expenses Total administrative expenses constituted expenses on personnel, marketing & promotion, office supplies, professional fees, and depreciation and

, the Company’s customers had developed alternative sources of supplies of HRC and also imported large volumes of HRC. The import arrivals continued during the reported Quarter and impacted the sales

remains fragile with the recession risk creating uncertainties in several regions. At the same time, the geopolitical risk continues catalyzing global supply chain disruption and affects industrial supplies

South America, due to US refineries reactivating after having been affected by Hurricane Harvey. As well as, Diesel supplies from Asia could not be sent the west, due to high reserves level in Europe from

pandemic. This led to various refineries cutting down on production to compensate for the dwindling demand, while the same quarter of the previous year, supplies were in a tight state. 10 Management