product management resulting in increased sales and reduced cost of sales Yours Sincerely, Mr. Perapol Suwannapasri Managing Director

% to 15.0%. Gross profit Margin increased from the reduced cost of service and in previous year, the law was a changing the law regarding to the provision of long-term employee benefits from the 300 days

investment for reducing cost. Production costs are as same as the last year, although cost per unit increased from reduced production capacity and increased cost to support public health standards

has already sold to all third parties since 1st May 2019). After combining revenues of both companies together and 5 comparing with the previous year, revenue has increased and cost is reduced

subsidiaries during the year as a means to transport the products to the new customers. The long term employee’s benefits have increased to 0.31 million Baht as the severance pay is increased. The employees who

transactions were from cash and cash equivalents and short- term investments in government bonds at the end of 2017 amounted to 77.29 million baht, reduced from the year 2016 at 43.09%, and inventories increased

constant for the rest of 2019. Income tax expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost. 3.2. Assets, Liabilities

maintenance cost increased due to the earlier than expected improvement projects on the kilns. However, maintenance has normalized and the average cost of fuel has reduced so Q4 should result in lower variable

expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost which will reduce in 2020 as long-term loans are repaid. Golden

of 2018, it is found that the net loss of the parent company is reduced for 146.64 Million Baht. This results from the major reason of the increased income and the reduced expenses in term of บมจ