company as seen appropriate, or clarify the reasons for inability to comply with the I Code, or implement a substitute measure. The I Code principle application and results should be disclosed on
due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales
quarter again on target. We met our key financial objectives, such as EBITDA and net income, despite a very weak sugar season, via launching commercial sales of a new product, extending the export markets
distribution in other potential countries of Africa, Americas, and APAC. For domestic market, substitute products from importers got flooded as strong Thai Baht made overall imports cheaper causing intense price
) Gross profit 18,270 49% 6,412 53% Sales from Producing and distributing electronics spare parts Revenue from sales increased from year 2019, because of increased in diodes order from USA to substitute
distributes Pre- zinc structural steel pipe under the Company’s brand “ZIGA” and electrical conduit under the Company’ s brand “DAIWA”. They are innovative substitute products for hot-dip galvanized product or
stemmed from the decrease in sugar prices and cost of production. Since the 1st quarter of 2017, the Company had been relocating its production lines of sauces and condiments to the new factory, such
increased from 29.45% in 2017 to 37.91% in 2018. The main cause of such increase stemmed from an increase in the proportion of revenue from sales of Seasoning and Dipping Sauce products, a decrease in sugar
increase in prices of sugar and garlics, which are the main raw materials used in the production, and Baht appreciation has contributed to a slight decrease in gross profit margin. Selling Expenses Selling
increased from 35.71% as compared to the same quarter of 2018. The main cause stemmed from an increase in proportion of revenue from sales of sauces and condiments, a decrease in sugar and garlic prices and