EVIDENCE ON THE STOCK EXCHANGE OF THAILAND Nattawut Jenwittayaroje NIDA Business School National Institute of Development Administration Bangkok 10240, Thailand Charlie Charoenwong Division of Banking and

. The administration expense of first quarter of 2020 was 9.72 million baht reduced by 2.12 million baht or 17.89 %, compared to the same period of 2019 which was 11.84 million baht. The administration

considered a satisfactory year and is in line with the management's expectation. In the past year, the company was able to generate cash collection from the overall NPLs and NPAs management business, which are

. The cost of sales to sales by 88.9%. The company has a gross profit of Baht 22.7 million. 3) Selling and administration expenses same as the quarter 2/2016. The Selling and administration expenses by

and NPAs management businesses The Company believes that for the NPLs and NPAs management business, cash collection is a key performance indicator which is applied by other operators in the same

% from those of the same period last year due to Power & Systems / Fan & Thermal Management business slow down but went up 6.5% from last quarter due to the recovery of power supplies for the automotive

of the Company's profits was derived from the growth of its subsidiary's performance in the debt management business and the profits from other businesses of the group. Analysis of Financial Statement

and NPAs management business, cash collection is a key performance indicator which is applied by other operators in the same business and various investors. Cash collection is calculated based on key

were results of declining in modern trade market and HORECA (Hotel, restaurant, catering). While traditional trade presented improvement comparing to Q3/2016. ● The company presented net profit in Q3

. Expense Sales and Administration Cost In the 2nd quarter of 2019, the company had the selling cost as 8.90 million baht, decreased by 1.05 million baht or 10.55 % compared to the 2nd quarter of 2018 which