profit margin was mainly in related to differences in product mix as compared to previous year. 3. Selling and Administrative Expenses For the third quarter of year 2017, the Company’s SG&A expenses was Bt

to 4.74% in 2019. The increase of gross profit margin was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of

million. 2. Other income amount Baht 28.69 million, an increase of Baht 12.88 million or 81.52% due to income from currency conversion differences of foreign operation of subsidiary companies. 3. Cost of

the first half of year 2018 decreased from 5.85% to 4.02% as compared to the same period of last year. The decrease of gross profit margin was mainly due to differences in product mix and the impact

currency conversion differences of foreign operation of subsidiary companies compared to the same period in year 2017. 3. Cost of sales amount Baht 272.30 million, a decrease of Baht 0.56 million or 0.21

from the net profit and deferred tax on relating to origination and reversal of temporary differences. Please be informed accordingly. Sincerely Yours, ( Mr. Nipon Leelasithorn ) Chairman of the

revenues which increased from 95.26% in year 2019, and the gross margin decreased from 4.74% in 2019 to 4.06% in 2020. The decrease of gross profit margin was mainly due to differences in product mix and the

%B8%99%E0%B8%97%E0%B8%A3%E0%B8%B1%E0%B8%9E%... ICGN%20Institutional%20Investor%20Responsibilities_2013.pdf matter of a few years but whole generations. Such generational differences create real

differences in product mix and the gain from currencies appreciation as compared to same period of previous year. 3. Selling and Administrative Expenses For the second quarter of year 2017, the Company’s SG&A

year 2019 increased from 4.02% to 5.30% as compared to the same period of last year. The increase of gross profit margin was mainly due to differences in product mix and the impact derived from adoption