amounted to Baht 118 Million was received from the MRTA under the concession agreement of the MRT Chalong Ratchadham Line Project where the income is equal to the interest expense from the long term loan for

4,125 4,059 66 1.6 Cost of service 2,451 2,362 89 3.8 Selling and administrative expenses 312 296 16 5.4 Finance cost 305 482 (177) -36.7 Interest expense from the MRT Purple Line Project 99 112 (13

analysis Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Selling expense 47.3 42.5 (4.8) (10.1%) Administrative expense 268.0 294.2 26.2 9.8% Finance costs 313.4 278.2 (35.2) (11.2%) Total expense

% in the first quarter of 2018 to 18.98% in the same period of 2019. The total expense to total revenue ratio increased from 13.78% in the first quarter of 2018 to 14.94% in the same period of 2019. 1

first half of 2018 to 17.25% in the same period of 2019. The total expense to total revenue ratio increased from 12.46% in the first half of 2018 to 16.92% in the same period of 2019. 1. Overview of

decrease in net profit ratio (ROS) from 17.16% in the nine-month period of 2018 to 15.74% in the same period of 2019. The total expense to total revenue ratio increased from 13.55% in the nine-month period

constant. 3.3 Selling expenses and Distribution expense Selling expense and Distribution expense was increased from the year 2018 in an amounting of Baht 8.77 million or 29.18 percent. Mainly came from

1.09 Million Baht from the prior year. 5. Selling expense decreased amounting to 0.33 Million Baht, accounting for 21.71% from previous year due to the decreased in salary of salesperson 0.20 Million

) was low and could not cover cost and expense. 2. Business Outlook Total domestic Hot Rolled Steel consumption for Quarter 1, 2020 stood 1.51 million MT and decreased by 3.4% compared to same quarter

0.1% 1.10 0.3% 0.95 633.3% Interest Expense (0.25) (0.1%) (4.05) (1.1%) (3.80) (1,520.0%) EBT 78.31 28.6% 92.88 26.1% 14.57 18.6% Tax (7.74) (2.8%) (10.10) (2.8%) (2.36) (30.5%) Net Profit After Tax