profit margin for the year 2019 was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation

to 4.74% in 2019. The increase of gross profit margin was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of

of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to previous year. 3. Selling and Administrative

functional drinks (+26.2 YoY). Domestic beverage continued showing strong growth at 4.6% YoY from both energy drinks and functional drinks. Speed-up health and hygiene innovations made a turnaround of domestic

in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to

, harmonized packaging specification, and reduced bottle weight. - Osotspa maintained its strong leadership position in both energy drinks and functional drinks markets and played a major role as a market growth

’20 to support sales expansion in both energy drinks and functional drinks. Our growth plan will be supported by excellent execution and distribution expansion together with continued consumer-centric

energy drinks market share at 53.8%, aligned with our mid-term guidance, by using multi-brand portfolio and consumer-centric marketing strategy. In functional drinks market, C-Vitt also maintained its

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