equivalent to 11.46 percent due to increases in competitors and the economic downturn in the country. Gross Profit The Company’s gross profit is THB 79.70 million equivalent to 25.83 percent, in which the

competitor and the economic downturn in the country. Gross Profit The Company’s gross profit in 2017 is THB 99.52 million equivalent to 25.30 percent, in which the gross profit margin of the Company has

percent, due to increases in competitors and the economic downturn in the country. Gross Profit The Company’s gross profit for 1st Quarter 2018 was THB 30.26 million, represent gross profit margin of 26.21

impact and uncertainty of land and building tax and stricter lending policies by financial institutions as loan-to- value (LTV) measures and an economic downturn which led to the slowdown of purchases of

18 Issuer Industry Use of Process Type of Socio- economic outcome Target Population Indicators • Municipal housing, cooperative housing • Percentage of underserved people (BBSR indicator) Public Supply

introduced monetary and semi-fiscal policies to cope with the economic downturn to support the economy. In the third quarter of 2019, the company recognized revenue from the production line installation

by THB 29.59 million or equivalent to 20.22 percent due to increases in competitor and the economic downturn in the country. Gross Profit The Company’s gross profit for 1st Quarter 2017 is THB 31.00

to 13.22 percent due to increases in competitor and the economic downturn in the country. Gross Profit The Company’s gross profit for 2nd Quarter 2017 is THB 60.46 million equivalent to 27.01 percent

the global economic downturn in overall sectors as compared to previous year. 2. Cost of sales For the year 2017, the Company’s cost of goods sold was Bt. 101,016.22 million or 94.50% of sale revenues

3.69% decrease which resulted from a continuous increase in number of competitors and the economic downturn. The revenue from contract work increased by THB 1.96 million Baht or equivalent to 15.93