and Performance Excellence Operate with Integrity (GRC) Economic Drive by creating ‘Next Growth’ Low Carbon Society Circular Economy Sustainable Production and Consumption ENVIRONMENTAL SOCIAL People’s

to manage those risks so that they are ‘climate resilient’ and able to cultivate opportunities arising from the ‘transition to a low-carbon economy’ 7 Resource Efficiency Energy sources Market

in capacity utilization of Phase 3 at the new plant, but sales dropped in the following 2H18 (Table 4, PCB shipment value dropped 13% Q-o-Q in 4Q18) due to the typical low season and the effect of the

relatively low gross margins of the projects delivered in Q2-2017, while the gross margin in Q1-2017 was so high that the change rate of profit for this period was not in line with the change rate of its

than the increased rate of revenue because the relatively low gross margins of the projects were delivered in Q2-2017. -2- Operating Results and Capabilities to Make Profit Performance from revenues

within December 2017. Industry Overview In term of the retail industry in 3Q17, there has been constant low growth from the previous quarter due to the weakness in buying power especially for low-income

, especially when it compared to the Q4–2018. This is because the gross margin in Q4–2018 was a relatively low. In addition, it had recorded the allowance for doubtful accounts for long outstanding receivables

savings deposits to invest in investments. Short-term in low-risk mutual funds To manage returns better than savings deposits 1.2 Increased temporary investments as at March 31, 2019 and March 31, 2018

mainly due to the increased in cost of sales and services of many large-scale projects which their gross margin were low due to a high market competition. In addition, In Q2–2019, there was an additional

country’s total biodiesel production capacity, consequently, there was price competition of B100; together with glycerin price in global market decreased and crude palm oil price remained low. 4. Finance Cost