Revenue from sales reduced from last year quarter by 30% mainly due to sales volumes reduced by 7% and average HRC selling price reduced by 25%. The reduction in average selling price was mainly due to the

competitive landscape remains challenging. We saw particular weakness in the steel sector as uncertainty led to reduced production and after a record sugar season in 2018 this sector has been behind our

production, reached 54% of total sales in Q3 2017. Costs of goods sold increased by 30% to 1,162.99MB in Q3 2017 from 892.84MB in Q3 2016 due to higher raw material costs from imported metals which reduced

Profit Margin of 22.84%. This increase was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported and the reduced energy. For the three-month period

ways to boost the sales volume via yet further new product introductions, Golden Lime Public Company Limited 3 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2019 that again will expand

has introduced relief measures to boost the economy and increase liquidity to alleviate the impact of COVID-19 on citizens and businesses. In response to the crisis, the government has introduced cash

areas with a high risk of COVID-19 transmission and limiting travel. Moreover, the government has introduced various stimulus measures and programs to boost spending, such as Co-Pay, the ‘Let’s Travel

was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported and the reduced energy. For the three-month period ended 30 September 2019, the selling

employee benefit according to new labor law, consultant fee for new Credit Agreement of the Company and others fee and reorganization during December 2019 resulting in reduced Salary for the current year. 5

effect is total revenue decreased. Increase in gross profit from 14% to 18% due to the cost of raw materials decreased. Other incomes Increase in other income in the 3rd quarter year 2019 due to the