the increase in the gross profit margin that expanded from 14.5% in the second quarter of 2018 to 16.5% in the second quarter of 2019 and more efficient cost management that caused selling and

absence of revenue from the property development business and increase in administrative expense as explained above. Summary of Financial Performance Analysis of the Operating Results Revenues For the

to cost of goods sold was decreased from the same period of previous year. 3.3 Selling expenses and Distribution expense Selling expense and Distribution expense was increased from the same period of

Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations, kitchen utensils and space usage expense of production unit. Major part of

utensils and space usage expense of production unit. Major part of cost of sales is raw materials. Gross Profit Gross Profit Margin -52% -29% Q3/2021 vs Q3/2020YoY • Gross Profit in Q3/2021 was THB 60

75,532 67,756 Total expenses 104,376 125,099 115,777 Profit (loss) before finace cost and income tax expense (30,880) (29,422) (24,440) Finance costs (323) (399) (448) Income tax (expense) benefit

quarter. Moreover, the company has planned and started preparation to improve machineries in order to ramp up the production during the on-peak period to gain more market share and reduce production cost to

% Amount % Amount % Sales and services 3,586.96 99.90% 3,586.39 99.97% (0.58) (0.02%) 11,259.16 99.95% 10,336.49 99.96% (922.67) (8.19%) Cost of sales and services 3,289.04 91.60% 3,271.76 91.20% (17.28

. However, the percentage of administrative expenses to operating revenue decreased due to higher revenue and improved cost management despite the one-time expense employee retirement benefits of Baht 26.2

net sales ratio (%) = (Selling and distribution expenses + Administrative expenses) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues