In order to manage raw material sourcing for the company and the subsidiaries, including proper cost of wood raw material, Particle Planner Company Limited (subsidiary) should then make an investment

281.2 million Baht from the previous fiscal year or 14.0% due to benefit from raw material. 3. Selling and administrative expenses decreased by 13.6 million Baht or 2.5%, the company emphasize on the

amount of Baht 59.76 million increase Baht 2.11 million or 3.67%, This is an increase in raw material creditor due to the fact that the company has a rising sale trend, so it has to order more raw material

10% from those of 31 December 2017. The major increase item is raw material which is aimed to promptly support the expected higher production volume in second quarter. Investments in associated

domestic sales 24.2% and export sales 75.8%. Gross profit was down from 33.6% to 25.8% due to low margin sale to B2B coupled with the increase in raw material and energy costs. Total expense was Baht 504.6

of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO

subsidiary’s total net profit decreased by Baht 1,468 million or 75% while total revenue from sales and services increased by Baht 1,850 million or 29%. Raw material cost and cash conversion cost increase higher

increased 31% are results of volume impact in domestic market and also selling price adjustment to trade, regarding to raw material cost increase. ⚫ Total expenses increase 30% are mainly reflected by

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees