steel domestic consumption decrease which suffered from slow down economics. Other income 21.9 27.7 26.6% A gain and profit in exchange rate comparing to the same period of last year due to efficient
quality control grade of finished product decrease. The profit from the income earning from the foreign exchange decrease comparing to the same period of time. Total Revenue 200.5 241.4 20.4% An increase in
liquidity ratio, trade receivable day deteriorated from 68 days to 75 days yoy. This was primarily due to more accrual from social security bureau. For inventory day, it improved comparing to the same quarter
percent (35.5 percent in Q1/2019). The company has maintained the gross margin as same as the previous year. Sales Expenses Q1/2020, the Company and its subsidiaries had the expenses of 21.2 MB, decreased
suppliers and contractors for the same. The ordering of the gear was under process with a lead time of 14 months offered from the supplier. However, with quick actioning of the contingency plan by the
| 2 Executive Summary In 3Q/2019, overall palm oil production and crude palm oil (CPO) inventory remained high in both domestic and international market, thus crude palm oil (CPO) and crude palm kernel
instead as well as enhanced its sales channels. The Company could well organized the inventory management, the inventory at the end of the year equal to 1,329 million baht, decrease by 677 million baht or
million THB to 21,250.21 million THB. The main reasons are as follows: 1) Cash and cash equivalent increase 8.77% from 31 December 2017 as a result of the performance of the Company. 2) Inventory increases
4,980.73 to 1,817.28 million THB. Around 72% is the inventory but the gross profit is maintained at 30% of income. Moreover, the management expense is controlled and has decreased 31.25% from that of the
primarily due to more accrual from social security bureau. For inventory day, it improved comparing to the same quarter of last year. Please be informed accordingly. Yours sincerely, (Surin Prasithirun, M.D