filling totaled Bt647 million, while consignment usage was much higher at Bt779 million (Table 3). The decline in sales in 1Q19 represented new prices that took effect in January 2019 with an effective
million in 2016, attributed mainly to the substantial effect of changes in foreign currency exchange rates and an increase in core raw material prices that caused a decrease in profit margin. This resulted
. Sales in 1Q18 represented new prices for delivery that took effect in January 2018 with an effective markdown of nearly 2%. Cost of Sales and Gross Profit The profit margin in 1Q18 dropped Q-o-Q and Y-o-Y
the substantial effect of changes in foreign currency exchange rates and an increase in core raw material prices that caused a decrease in profit margin. In addition, the company realized a gain of
was negatively impacted by unrealized consignment sales of Bt94 million (Table 3) and a backlog of orders of about Bt115 million at the end of the quarter. In addition, new prices that took effect in
: 1) A change in foreign currency exchange rates Table 1: Foreign currency exchange rates and sales in foreign currency 2) A higher cost of main raw materials Table 2: Raw material prices and purchased
utilization, which was partially offset by a lower cost of the copper (Table 2). Furthermore, as the majority of factory burden costs are fixed, whereas total production volume decreased, which resulted in a
the same period the previous year. Selling expense, such as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of
). Changes in foreign currency exchange rates had a minor impact on the revenue recognition in Thai baht terms in the current quarter (Table 1). To minimize the impact of COVID-19 in the second quarter of 2020
utilization rate to available capacity, and eventually a higher cost of goods produced and low margin. To offset a slowdown in orders, the Company reduced costs by obtaining better sources of raw materials