. OCMSET/6201/006 January 30, 2019 Re: The Disposition of Assets Relating to the Business of Manufacturing Accessories and Faucet Products which the Board of Directors’ Meeting No. 9/2018 Has Approved to
. Distribution of faucet products therefore the business has higher incomes 2. Cost of sales and gross profit margin The company's cost of sales in the 3rd quarter of 2019 is 452.77 million baht, increased from
. OCMSET/6201/006 January 30, 2019 Re: Management Plan after Discontinuation of Business of Manufacturing Accessories and Faucet Products, the Disposition of Assets Relating to Such Business. Attn
million baht. And the net profit of the faucet business is 1.00 million baht, indicating that the operation of palm oil trading business is in the direction that better 2. Gross profit in the amount of
in higher costs and lower gross profit. In 2019, the Company ceased the faucet and plumbing business on 1 November 2019 and sold all faucet and plumbing products, resulting the reversal of the reversal
party to the Company to sale 51% of its shareholding in AVAP. This amicable transaction is value at VND 288 billion or equivalent to Baht 377 million with a gain to the company. This disposal of asset
by the following reasons: Faucet and plumbing business group 1. . Revenue from sales and services - faucet and plumbing business Of the company increased from 292.12 million baht to 308.09 million baht
, compared with the same period of 2018, gross profit amount 20.963 million baht, increasing gross profit amount 20.39 million baht or 97.27 percent increase which consists of - Faucet business : Gross profit