percent, due to the fact that every distribution channel has expanded significantly, as well as effective cost management has resulted in maintaining gross profit margin at a good level. (2) Analysis of
1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For
from sales & service 810.47 744.99 65.48 8.8% Other income 6.47 7.06 -0.59 -8.4% Total revenue 816.94 752.05 64.89 8.6% Cost of goods sold & service 700.82 646.00 54.82 8.5% Selling expenses 14.83 19.87
212.73 (3.48) (1.64) Cost of construction contracts (521.09) (492.00) 29.09 5.91 (1,082.60) (860.25) 222.35 25.85 Gross profit 42.58 48.31 (5.73) (11.86) 92.89 94.41 (1.52) (1.61) Other income 0.73 0.15
higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change
1.34 (0.72) (53.73%) 1 - Construction 554.20 346.80 207.40 59.80% 2 - Testing and Inspection 21.79 21.40 0.39 1.82% Cost of sales and services (683.90) (502.26) 181.64 36.16% Gross Profit 75.79 61.69
Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited
on until the 2nd quarter of 2018 unless there is the progress of the said rehabilitation plan. 2. Business Outlook on Q1/2018 Management’s Discussion and Analysis (MD&A) for year 2017 3 Executive
of November 2017 and expect to go on until the 2nd quarter of 2018 unless there is the progress of the said rehabilitation plan. 2. Business Outlook on Q1/2018 Management’s Discussion and Analysis (MD
benefit expenses 14.16 124.10 17.84 33.51 Financial cost 0.14 1.23 0.34 0.64 Share of losses in associates 64.23 562.93 2.91 5.46 Profit (Loss) before tax (274.97) (2,409.90) (94.15) (176.84) Tax