more expansive exports sector. Meanwhile, government investment still played a key role in propelling the economy, although it slowed down somewhat, accelerating in the previous quarter. The company

continued to grow with driving force of the export of goods grew better and more thorough. And the tourism sector continues to expand. Meanwhile, the government investment slowed down somewhat after

. Managing the portfolio of non-performing loans to client or portfolio that are not much affected by the situation. The company expects that the cash flow may decrease somewhat due to the economic downturn

than the peak in Q1 2018 therefore easing somewhat the 2019 cost pressure. The optimization in plant layouts, internal logistics and peak electricity consumption has resulted in cost savings that have

products. Additionally, marketing efforts were put continuously in the Philippines. Consequently, sales expenses to sales revenue ratio escalated moderately from 40.85% to 59.24% as the Company incurred

, sales expenses to sales revenue ratio escalated moderately from 35.78% to 52.07% as the Company incurred additional expenses from its marketing. Table 7: Sales Expenses by Type of Expenses for the Six

the previous year. Cost of goods sold to sales revenue ratio moderately climbed from 29.63% to 30.22% due to higher other costs of sales. Table 5 : Cost of Goods Sold by Type of Expenses for the Three

nationwide for these new products. Additionally, marketing efforts were put continuously in the Philippines. Consequently, sales expenses to sales revenue ratio escalated moderately from 37.80% to 54.87% as

project e.g. lower cullet costs, new formulation, lower sugar costs, however, somewhat offset by cost increase from natural gas. *Net Profit = Net Profit attributable to owners of the parent Financial

from higher volumes shows its effect. The impact is reduced somewhat when we compare EBITDA on a half yearly basis (since Saraburi Quicklime is only consolidated from March 19th onwards) but it is still