business in automobile assembly, public transportation services, supported technology and related application to public transportation business. All S will increase the registered capital from 300 million
LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were
supported by higher CBU models direct from China. 2. Profit/Loss After Taxation (“PAT”)/(“LAT”) Due to drop in sales revenue for FY2019/20, INGRS registered LAT Baht 79.35 million in comparison to PAT
against the USD and EUR in the period. The increase in revenue was primarily due to volume growth of 6.6% Q-o-Q and 3% Y-o-Y that was supported by an increase in capacity from the Phase 3 at the new plant
supported by an increase in capacity from the investment in Phase 3 at the new plant, and the appreciation of the Baht. Cost of Sales and Gross Profit The profit margin increased slightly Q-o-Q, but dropped Y
to sales volume growth that was supported by an increase in capacity from the investment in Phase 3 at the new plant, but mainly offset by the appreciation of the Baht. Cost of Sales and Gross Profit
Company in term of Assets and Revenues by the rate of return is as the Board of Directors consider appropriate. 2. Investment in FD has supported the Company’s policy to emphasis the products to consumers
following the order of government agencies nationwide to prevent the spread of the COVID-19. Revenue from rental and rendering of services managed to grow by 6.8% YoY, mainly supported by higher rental
rapidly changing. The Company is well-supported by many financial institutions and able to make loan and interest payments as scheduled. However, the Company still have a policy to maintain revenue from
as connected parties, did not attend nor were eligible to cast votes at said meeting. (10) Opinion by The Board of Directors : The Board of Directors supported the resolution authorizing the company to