thus significantly reduced the cost of sales and administrative expenses . Overall gross profit margin improved to 42.3% from 30.7% in 2018 Selling and Administration expenses The Company recorded

cities and the cities that benefit from the tourism sector has improved over the past period. Moreover, the Company has generated cost efficiencies in terms of staff optimization and administrative

segment. IV Expense First quarter (Unit: Million Baht) 2020 2019 Change Change (%) Selling expenses 92 171 (79) (46) Administrative expenses 381 408 (27) (7) Finance cost 100 99 1 1 Income tax expenses 45

’19 change Q3’18 Q2’19 Q3’19 change change Btmn Btmn y-on-y Btmn Btmn Btmn y-on-y q-on-q Finance cost Interest expense from borrowing 1,751 2,016 15.1% 632 673 691 9.3% 2.7% Interest expense from ABPIF

downsized business and continued pursuing debt collection respectively. However, the Company has been expanding more online service channels to customers and reduced the Company’s operation cost. As a result

structure and continuous focus on reduction of expense of the company. 6. Financial cost For the past 6 month of 2020, the financial cost was 0.39 million baht compare to 0.91 million bath last year, decrease

which incurred the administration expenses of Baht 19.07 million. The main reason is increase from personnel expense. Financial Cost and Income Tax Expense For 1st quarter of 2022, the Company and

% in 4Q17. Cost & Expense In 1Q18, cost of service was Bt17,281mn increasing 6.3% YoY and 1.5% QoQ mainly from the change in accounting treatment on the partnership with TOT. • Regulatory fee was

THAILAND Tel: 02-0195000 Cost of Sales and Services The cost of sales and service increased from THB 1,368.5 Mn in 9M17 to THB 1,659.9 Mn in 9M18, an increase of THB 291.3 Mn or 21.3%. This increase was

million Baht. The major decrease came from export expenses relating to decrease of export sales revenue mentioned in 1.2. 4. Cost of goods sold and services increased in the amount of 18.89 million Baht or