our gross margin, as well as, our effort in managing SG&A. T.662 636 6999 F.662 646 4200

hat adjusted u .03 million d an, as well as million, incr ase of Baht 3 million, deben usiness Baht penses from million incre plant project s companies companies, t ompany reco on in compar ion or 25.80

shareholders as well as to be the number one in the country conducting the non-performing debt management without collateral. Management Discussion and Analysis (MD&A) 2019 Page 2/6 Summary of Comprehensive

reduced production capacity, resulting in reduced revenue from services as well 3. Revenue from logistics management services for the year ending December 31, 2019 and December 31, 2018 was 353.77 million

which require additional staff and rental expenses. In order to be well prepared to operate the company’s new branches, new recruits need to be hired and trained 70 - 90 days in advance. For the first

year as well as plots of land purchased for project development in 2017, namely, The Selected Kaset-Ngamwongwan by L.P.N., Lumpini Park Pahol 32 and Lumpini Place Rama 3-Industrial Ring Road. The

focus on increasing the efficiency of the manufacturing process, control cost and expanding its customer base for new production lines, as well as maintaining its existing customers to enable the company

the total revenue. The net profit increased by 9.61 million baht or increase by 70.71% from the same period of last year. The increase was due to more condominium units transfer as well as revenue

the operating results of the Company and its subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. You’re faithfully, Mr. Geza Emil Perlaki Managing Director

total selling expenses per total revenue effectively. The part of the staff expenses came from the well prepared for opening new branches, thus, staffs had to train 70- 90 days in advance. The company had