PRINCIPAL ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 19/02/2018 - 27/02/2018

company has still managed the cost of goods sold efficiently. In this regard, the cost of sales has decreased significantly since the management of distribution channel to less the cost. For the

from pre-acquisition level of 35% to 56% by end of 2019. IRSL refinanced its outstanding debt with banks in India and managed to reduce cost of financing for funded long term facility by 8% p.a. and for

direction with the fact that the company has still managed the cost of goods sold efficiently. In this regard, the cost of sales and administrative expenses has decreased significantly since the 2nd quarter

same direction when comparing to the last period with the fact that the company has still managed the cost of goods sold efficiently. In this regard, the cost of sales has decreased significantly since

cost of 523 million baht, a decrease of 29 million baht or 5% from the same period last year. Key factors were well-managed funding cost and lower interest rate. However, finance cost in the first

The Group has managed cost controlling during COVID-19 pandemic. III Share of gain (loss) from investments in joint ventures In the period of the second quarter of 2020, Share of gain from investments

due to the growth of loan portfolio specially the credit card business. Moreover, the operating cost has been managed with higher efficiency. 5 2. Financial Status Statement of Financial Position 28

of revenue and cost of sales comparing to Quarter 1 in 2018 decreased as the company managed to reduce the cost of raw material to be cheaper that the same period last year. Selling and Administrative

cost of sales comparing to Quarter 2 in 2019 decreased as the company managed to reduce the cost of raw material to be cheaper that the same period last year. Selling and Administrative Expenses For the