of cost of goods sold so cause gross loss. Total revenue decreased due to the decrease of sale volume and selling price. Sale volume decrease cause by production volume decrease. Both company and

half (1H) of 2019, total operating revenue was THB 599 million which increased by THB 194 million or 48% from 1H/2018, as the total operating revenue from both Q1 and Q2/2019 rose from the same period

of 30 June 2018 stood at 0.57x, an improvement from 0.93x in 31 December 2017. Current ratio as of the same date stood at 2.81x, a significant improvement from 1.69x, both mainly as a result of the

Management Discussion and Analysis for the Year 2019 1. Operating Results (Company and Subsidiaries) Consolidated revenue for year ended 2019 of both treatment of industrial waste business division

in the beginning of the year, the company implemented new Thai Financial Reporting Standards both the standard No. 9 and No.16. This will have some effects on shareholders’ equity since the beginning

customer groups of the company and its subsidiaries. The impact therefore greatly affects sales both volume, as well as the sales prices and gross margins of various product groups, which have weakened due

increasing in revenue from both domestic and export sales of chicken parts. Feed Segment Revenue from feed segment consisted of revenue from animal feed, fish feed, and shrimp feed, represented 19.09% of

sales both in terms of quantity, selling price and eventually resulting to softer gross profit of various group products in higher competition. In terms of expenses in the current quarter, the company has

economy remained in the doldrums, as evidenced by slowdowns in both advanced and emerging economies. Negative factors included the persistent US-China trade rift and concerns about a no-deal Brexit. Worse

revenues of 738 million baht, increasing by 225 million baht or 44% y-y mainly from continued growth of hire purchase both in domestic and overseas business. In the 3rd quarter of 2020, the Company had hire