costs around 236.62 million baht or 8.19% comparing to last year. Most raw material prices increased following the rising of crude oil price that increased around 29.77% comparing to last year as well as

the same period of last year, but revenue from the property rental business increased from the same period of last year. Details are as follows: (Unit: Million Baht) Third quarter 9-month period 2019

30, 2019 are as follows: - Sales increased from 288.27 million Baht in the third quarter of 2018 to 392.24 million Baht for the third quarter of 2019, representing 36.07 percent, due to recognize

decreased by 1.48 million baht, rental income increased by 1.04 million baht, other income decreased 1.71 million baht and total revenue decreased by 23.38 million baht. Cost of sales for the nine-months

its subsidiaries for the six-month period end 30 June 2019 represented a profit of Baht 54.39 million. Compared to the same period of 2018, the loss was Baht 289.52 million, increased profit of 119

its subsidiaries for the six-month period end 30 June 2019 represented a profit of Baht 66.44 million. Compared to the same period of 2018, the loss was Baht 259.31 million, increased profit of 126

. However, the company inccurred revenue from export sales of 96.87 million Baht, increased by 30.89 million Baht or 46.82% from the same period of the last year which showed 65.98 million Baht. Futhermore

volume. 2. Other income increased 66,219 baht compared to the same period of the last year mainly from the increase from short-term investment in open-ended fund. 3. Cost of service decreased 3,773,116

revenues which increased from 95.26% in year 2019, and the gross margin decreased from 4.74% in 2019 to 4.06% in 2020. The decrease of gross profit margin was mainly due to differences in product mix and the

Lane, Amphur Bangpa-in, Ayuthaya Province 13160, Thailand Tel (035) 350 880 Fax (035) 350 881 Website: www.aapico.com Management Discussion and Analysis for the year 2021 2 Total revenue increased by