market development: 1. Application of sliding scale brokerage fees ? The sliding scale system where brokerage fees will be set according to trading volume will commence as scheduled in early 2010 when
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
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
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
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
and they are still in process the bill. -4- Inventories increased by 498.9 MB, representing an increase of 66.9% due to the investment on many large– scale projects in Q1–2020, such as the D–ticket
30.5% Considering each type of income, the revenues from sales, services and construction contract of the year 2017 increased from those year 2016 because the Company received large-scale projects that
receivables of the year 2017. As the result, the trade receivables of the year 2018 decreased. - 5 - Unbilled receivables increased 126.0 MB or 29.0% from the year 2017due to the large-scale project in the end