revenue dropping by 1% as some of the synergies of integrating Saraburi Quicklime start to take effect. Looking at H1 2018 vs H1 2017 SG&A as a percentage of revenue remained constant. On the COGS side

Equity ratio as of August 31, 2018 remained constant at 3.9 times. Return on Equity (ROE) and Return on Asset (ROA) for six month period are 21.6% and 4.3%, respectively. The Company also announces to pay

as of November 30, 2018, remained constant at 3.9 times. Return on Equity (ROE) and Return on Asset (ROA) for nine month period are 21.5% and 4.3%, respectively.

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

the year 2019 in an amounting of Baht (3.87) million or (10.39) percent. Mainly came from growth of revenue in last year while fixed cost still constant. 3.3 Administration expenses The Group's

August 31, 2019 remained constant at 3.7 times slightly decrease from 3.8 times at the end of 2018. Return on Equity (ROE) and Return on Asset (ROA) for six month period are 20.6% and 4.3%, respectively

่ ่กำหนดราคาหน่วยลงทุนคงที ่ (MMF constant NAV) และโครงการจัดการลงทุนต่างประเทศ เช่น ASEAN CIS และ ARFP เป็นต้น ห้ามยื่นขออนุมัติเป็นการทั่วไป ทั ้งนี ้ หากพบว่า บลจ. ยื ่นคำขออนุมัต ิจ ัดตั ้งโครงการแบบเป็น

Administration (CFDA) at the beginning of 2 0 1 8 as the Company had to redesign its packaging to comply with the requirements of the license. Furthermore, the Company also found it necessary to adjust its sales

year to be in parallel with the plunge in sales revenue. Nevertheless, some of the sales expenses did not adjust promptly and did not fully mirror the slowdown in revenue as there is a lead time for

ongoing outbreak of COVID–19, forcing many customers to adjust their working method which have an effect on the operation and delivery of the Company's projects that cause the operation to be delayed than