4.22% up from 2Q2016. The Consolidated SG&A expenses increased since higher freight cost from higher export volume and increasing of transportation cost comparing to 2Q2016. The consolidated SG&A

as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating

amounting to Baht 75 million and increased by Baht 11 million YoY or 17% due to the increase in sale volume partly offset by reduction in freight cost due to reduction in fuel prices. 4. Administrative

since lower freight cost due to lower export volume comparing to 2Q2019. The consolidated SG&A expenses in 2Q2020 were 9. 89% of revenue from sales, increased from 7.62% in 2Q2019. The consolidated SG&A

Kerry in excess of THB 125,000,000 in aggregate within a period of 6 calendar months. (b) Incurring any indebtedness or other liability of Kerry (including obtaining loans from a third party or

จดัการขนส่งสินค้า (Freight) 22,118,455 21,101,376 18,303,217 รายได้อื่น 258,887 61,456 253,280 รายได้รวม 22,377,342 21,162,832 18,556,497 ต้นทุนการให้บริการรับจดัการขนส่งสินค้า 15,018,083 14,209,267

products and content to cater to market trends and to spur higher Average Order Value (AOV) and improve sales • Renegotiated new freight prices through alternate supplier and packing optimization resulting

market trends and to spur higher Average Order Value (AOV) and improve sales  Renegotiated new freight prices through alternate supplier and packing optimization resulting in significant initial savings

Administrative Expenses The consolidated SG&A expenses in 1Q2020 equaled to THB 330.85 million, decreased by THB 3.22 million or 0.97% down from 1Q2019. The Consolidated SG&A expenses decreased since lower freight

consolidated SG&A expenses for 9M2019 was THB 998.74 million, increased by THB 9.20 million or 0.93% up as compared to 9M2018 mainly from higher freight cost from higher export volume. Share of Profit from