IC & partnership cost. SIM & Device sales reported Bt9,686mn, increasing 50%YoY due to prolonged popularity of iPhone 12 in 1Q21 but decreasing -7.6%QoQ. Sim & Device margin slightly declined to +0.6

expense from branch closure. Gross Profit and Gross Profit Margin In the 1st quarter of 2021, the gross profit was THB 298.4 Mn, an increase of THB 27.2 Mn or 10.0% from the same period of 2020 and the

customer orders and other chemicals decreased lower than the sale target. However, the company has focused on increasing the margin in sales which can be done above the average target of 18%. Manufacturing

] FX: THB/USD 32.0754 33.7691 35.018 Sales Revenue 13,982.5 14,195.4 -1.5% 13,797.5 +2.9% [ Sales Revenue, USD $435.9 $420.4 +3.7% $394.0 +6.7% ] Cost of Sales 10,351.4 9,933.1 8,985.0 Gross margin

the country aligning to the vision of “World Class Product, World Class Brand”, but also providing higher gross profit margin for domestic energy drink as compared to the traditional energy drink. Sales

2017 while gross profit margin contributed of 14.32% in 2018, decreased from 16.41% in 2017. GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 4 of 14 Other Income The

2018 while gross profit margin contributed of 14.35% in 2019, slightly increased from 14.32% in 2018. GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 4 of 14 Other

assets and the adoption of TFRS 16  Net profit from operation was THB 51mn, an increase of 25.0%  Cash flow for the quarter from operating activities remains positive at THB 65mn KEY BUSINESS AND

in year 2017 the company had received an interest from short term investment Baht 1.0 million. 2. Cost of sale , Profit margin In year 2017 the company had cost of sale Baht 333.48 million compare with

%) Gross Profit 151.3 118.4 (32.9) (21.7%) Gross Profit Margin 55.4% 48.5% GPM before adjustment with PPA 57.0% 49.2% Revenue from Sale of Investment Properties 132.1 1,449.0 1,316.9 996.9% Gross Profit 20.5