, the average price of raw materials increased. As a result, gross margins narrowed 4.0%. The average capacity utilization rate for Q2/2019 was 69.90%. Decreased 0.63% comparing to the same period of 2018

business, restaurants and etc. such products as pies, cookies and bakeries. The Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which operates raw material

same period of the previous year. This decrease stemmed from a decrease in raw material prices and reversal of losses on inventories devaluation. Gross Profit Margin Gross profit margin is equal to 37.45

19.43 million respectively, due to more delivery of raw milk to the customers compared to those of the same periods last year both in the three-month period and the nine-month period. The increases were

DISCUSSION AND ANALYSIS FOR Q1-2020 • Inventories decreased from THB 238.24 million as at December 31, 2019 to THB 212.99 million as at Q1-2020 due to usage of raw material in stock and impairment of raw

was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported and the reduced energy. For the three-month period ended 30 September 2019, the selling

2019 for crude glycerine used as raw material in production of refined glycerine. Besides, part of the loss was also caused by loss on impairment of investment in subsidiary (AIL) of 20.75 million Baht

raw materials on 29 Jun 2018 and 31 Jul 2018, the company recorded expenses from raw materials derogation amounting to THB 2,004 million and tax income from deferred tax assets from such provision

especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked between 20-30 days in 2020. Also

prior year by Baht 748.2 million or 881% due following to: Description Year 2018 Million Baht Year 2017 Million Baht Change Million Baht Change (%) Revenue from real estate segment 800.0 54.0 746.0 1,381