significantly. In addition, resulting the need to postpone a large-scale project auction and there are a few SI project in the market, thus those had a higher competition, resulting gross margin was declined
2016, since in 2017, the Company received large-scale projects that delayed from previous auctions such as internet for village project or internet for public domain, which is a high value project but
of GLAND’s assets are located in high-potential locations capable of large-scale project development, thus increases the competitiveness in the industry and create sustainable return to shareholders in
prevention making it possible to complete the project even more. In addition, the several large-scale projects were due for delivery in this quarter such as the Purchasing and Installation of Cloud Project of
%, mainly due to the investment in several large-scale projects during the first half year 2020. Those large-scale projects were under operation, thus the cash and cash equivalents decreased. Inventories
customer risk profile. Credit policy has been tailored for each customer segment. Industry pre- screening criteria, which can be used as a guideline for customer selection, have been established to classify
than the increasing of sales as a result of upwardly adjust in raw material price and soften economic of scale of the plastic packaging business. 2 3. Selling and administrative expenses was increased by
and will open up the possibility of integration into its existing businesses. The combination of a strong local company with recognized products and deep insights into the market with IVL’s global scale
the Q2 of the previous fiscal year or 5.39%. The cost increased more than the increasing of sales as a result of upwardly adjust in raw material price and soften economic of scale of the plastic