coverage and 3) supporting the business operation of MACO in Malaysia, and 4) strengthening overall bargaining power from increased scale. VGM Business Overview* *More commentary on the VGM transaction can

) enhancing the variety of our media portfolio and expand our media coverage and 3) supporting the business operation of MACO in Malaysia, and 4) strengthening overall bargaining power from increased economies

of the following major factors: -Higher sales volume of the core burnt lime and hydrated lime products resulting in increased revenue and better economies of scale from these core business activities

mainly due to the increased in cost of sales and services of many large-scale projects which their gross margin were low due to a high market competition. In addition, In Q2–2019, there was an additional

services, increased from Q4–2018 and Q1–2018 representing an increase of 155.7 MB and 222.0 MB, respectively. Due to during Q1– 2019, the Company had delivered some of the large–scale project, namely the New

rate of profit was lower than the increased rate of revenue because the gross profit margin in Q3–2019 was lower than the Q3–2018. Consequently, many large-scale projects delivered in Q3–2019 were low

Expenses 375.4 312.2 63.2 20.2 - 2 - Considering each type of income, the revenues from sales and services of the year 2019 increased from 2018, the main reason is that the receiving of large-scale project

than the increasing of sales as a result of upwardly adjust in raw material price and soften economic of scale of the plastic packaging business. 2 3. Selling and administrative expenses was increased by

the Q2 of the previous fiscal year or 5.39%. The cost increased more than the increasing of sales as a result of upwardly adjust in raw material price and soften economic of scale of the plastic

other receivables increased by 798.6 MB, representing an increase of 35.2% mainly due to the delivery of large-scale projects in Q3–2020 Contract assets – unbilled receivables decreased by 93.4 MB