% at constant FX rate. However, the reported numbers showed stable growth due to the unfavorable FX impact. Beverages Segment Domestic beverages net sales were at THB 4,388 million, THB 171 million

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

optimal level yet due to some unfavorable factors, e.g., timing or market opportunities. Therefore, the Company had to bear higher costs at the beginning, causing lower profitability than it should have

% as a result of unfavorable FX impact. Beverage Segment Total beverage revenues increased by THB 834 million (or +5.5% YoY) to THB 15,961 million in 9M’19. Domestic beverage net sales were at THB 13,154

price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within their capacity of the

increased in HRC market price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within

management, resulting in overall investment gain of Baht 114 million. After considerations on the unfavorable conditions impacting the investment strategy of the Hedge Fund business, the operations of the

export sales to some countries which are affected by the unfavorable industry environment and in early stage of brand awareness building. Domestic sales amounted to THB 3,783 million increased by THB 106