gains on exchange rate increased Baht 3.1 million against the previous year’s loss income was Baht 4.8 million which classified into administrative expenses. Any other incomes increased Baht 1.5 million

revenues. The ability to maintain low financial cost due to the replacement long term loan with lower rate as well as the Company’s policy to manage liquidity risk and interest rates fluctuation risk by

had higher capacity utilization rate and had better cost management. In addition, the product development expense has considerably decreased since many new products already started commercial sales

Q4/2018, inventory loss was THB 2,517 million. In this quarter, the refinery’s average production rate was 110.12 thousand barrels per day, as there was a maintenance of the Hydrocracking Unit’s Gas

costs decreased by 11.2%, due to lower weighted average cost of fund mainly from issuance of recent bonds with lower interest rate, together with utilization of short-term instruments. PERFORMANCE BY

of the company, such as gain on exchange rate, interest income, bad debt and bad debt recovery. In the first quarter of 2019, the group had other income decreased by Baht 2 million or 18% in the same

from Q1/2018 by Baht 5.1 million, or 2.8% YoY. Moreover, GPM rate decreased from 29.1% to 27.7%. Details of GPM by business units are as follows: - Processed meat business (Traditional Thai Food, Snack

quarter of 2018, the company had a gain from the exchange rate of 1.10 million baht - Administrative expenses for the first quarter of 2019 increased by 57.34% due to the increase in customs fees of 2014

increase of financial cost was mainly in related to support the Company’s and its subsidiaries’ operation as well as impact by the averaged higher interest rate as compared to previous year. 5. Net Profit

growth of the business since 2018 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in net profit ratio (ROS) from 20.41