operations of projects in 2019 which are Rayong Central Utility Plant 4 (CUP-4), Namlik 1 Power Company Limited (NL1PC) and Xayaburi Power Company Limited (XPCL), notwithstanding the recognition of expenses
expenses 147.44 100.00 108.69 100.00 (38.75) (26.28) % to sales revenue 38.39 43.51 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Table 8
%) Executive Summary PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Operating performance by plant in Q3/2019 The company’s gross profit was at Baht 5,467 million in Q3/2019 which decreased by 535
revenue Cost of sales Cost of goods sold consists of raw material and packaging, salary and wage of production staff, depreciation of property, plant and equipment, transportation and logistics and other
% Power Plant Business3/ 568 781 812 43% 4% 2,559 3,088 21% Bio-Based Product Business4/ 131 159 132 1% -17% 326 529 62% Resource Business5/ 71 44 16 -77% -62% 323 286 -11% Others (0.3) (35) (30) N/A 13% 99
attributable to consistent orders from present customer and new customer. 1. Cost of sales and gross profit The Company’s cost of sales in year 2018 amounted to Baht 256.50 million, rising year-on-year by Baht
(22.49) (18.81) % to sales revenue 31.95 48.01 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Administrative Expenses The Company recorded
) (12.12) % to sales revenue 34.69 40.85 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Administrative Expenses The Company recorded
gained from Phase 3 of the new plant that supported volume growth helped lessen the effect of the above on profit margin. The Company was capable to maintain a satisfactory level of profitability that
estimated depreciation life of SAAM-SP1 power plant from 20 years to 25 year since 2017 onward, to be in line with the useful life of assets. For the year 2016 and 2017, the Group Company presented gross