revenue in the milk-manufacturing business. - Inventories increased Baht 13.61 million, during quarter 3/2017, the Company had order to be used for the production of raw material to customers increased

period of previous year which had a gross profit margin of 25.48%. This increase was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported. For the

gross profit margin of 25.48%. This increase was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported. For the 3rd quarter of 2017, the selling

and Particleboard have increased by 2% and 12% respectively. 2. Cost of sales Baht 2,463.3 million, increased of Baht 480.6 million. Because the increasing cost of raw material in manufacturing

-Quarter of 2017. Management’s Discussion and Analysis (MD&A) For Q3/2017 5 Chart of world steel production capacity utilization, ending 30 September 2017 Source: World Steel Association The main raw

average price of the raw materials used decreased, resulting in lower unit cost. Therefore, the rate Gross margin in the third quarter of 2017 increased to 22.6% from 12.7% in the same period of 2016

Company had order to be used for the production of raw material to customers increased. - Investment in associated company increased for Baht 9.31 million, occurring from realizing of profit sharing in

previous year which had a gross profit margin of 25.87%. This increase was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported. For the year of 2017

decreased by 1% and Particleboard has increased by 11%. 2. Cost of sales Baht 9,343.7 million, increased of Baht 1,470.4 million. Because the increasing cost of raw material in manufacturing. Financial status

. - Inventories increased by Baht 26.28 million, because the Company had to reserve packages and raw materials for customers and new customers in manufacturing. - Lease receivables were decreased by Baht 7.86