45.4% from 39.9% in previous year. Selling and administration expense. Selling and administration expense (“SG&A”) closed at 97.39 mb (2017: 82.75 mb), an increase of 14.64 mb or 17.7 %. SG&A is composed

regulation issued under The Emergency Decree on Public Administration in Emergency Situations from the Coronavirus disease 2019 (COVID-19), and low spending season. Even though online sales channel have been

due to temporary closure of 11 branches since March 22, 2020 in order to comply with regulation issued under The Emergency Decree on Public Administration in Emergency Situations. Performance Analysis

expenses. As a result, the selling expenses increased from the previous year. Management's Discussion and Analysis and operating results for the Year 2017 Page 5 / 10 3.5 Administration expenses The overall

, mainly due to sales promotion from foreign supplier. 3.4 Selling and distribution expenses The Group has sales and distribution expenses increased by 2.79 million baht or 45.37 percent from the previous

supplier. Cost of Goods Sold • Cost to revenue from transmission and telecommunication tower ratio decreased by 37.62% YoY resulting from accomplishment of cost management policy, • Cost to revenue from sale

represents decreasing of 6 Million Baht (122%) from Q3/2017. The main cause for the lower net profit are occurred from increasing of selling and administration expenses, and loss on foreign exchange rates

155.70 million baht, an increase of 7.71 million baht or 5.2% from last year. The gross profit margin increased from 15.69% in 2018 to 17.54% in 2019. Sales and administration cost The company recorded

selling and general administration expensed for this quarter Please be informed accordingly. Yours sincerely Mr. Panya Boonyapiwat Chairman

Studies: Examples from Frameworks applied in Capital markets”, ICMA, June 2020 2 Danone - โครงการงานวิจัยและนวัตกรรม (R&I) สำหรับพัฒนาอาหารทางการแพทย์, ให้เงินสนับสนุน ชาวนา supplier distributor กลุ่มชนบท