price raising of fattening pig from the previous year. Page 2/…… - 2 - Gross Profit Margin Gross Profit Margin (GPM) in 2019 was Baht 752.2 Million, decreased from 2018 by Baht 13.2 Million, or 1.7%, GPM

Baht respectively. The corresponding net profit margins were 9.39% and 9.85% respectively. The net profits increased with rising revenues in each year. The Company’s net profit margin in 2019 was higher

decreased year-on-year, attributable to improved efficiency as well as on-going cost reduction and cost control. Hence, gross profit margin improved from 7.0% of sales in Q1 2016 to 7.7% of sales in Q1 2017

is 0.58 times.  Profitability Ratios With a gross margin of 26.50 % and a net profit margin (11.49) %  Performance Ratio From the asset yield percentage (3.51), the company can not use the efficiency

Gross margin in the second quarter of 2017 increased to 19.9% from 15.4% in the same period of 2016. Administrative expenses in the second quarter of 2017 increased by 8.87 million baht or 46.4% from the

2016 2015 Return on Assets (ROA) -13.94% 3.07% Return on Equity (ROE) -43.99% 8.66% Gross Profit Margin 8.89% 43.27% Net Profit Margin -175.83% 61.59% Debt to Equity Ratio (times) 0.32 0.85 Interest

(loss) 5. Financial Ratios Include:  The liquidity ratio is good. The liquidity ratio is 1.85 times and the liquidity ratio is 0.69 times faster.  Profitability Ratios The gross margin was 25.13% and

average price of the raw materials used decreased, resulting in lower unit cost. Therefore, the rate Gross margin in the third quarter of 2017 increased to 22.6% from 12.7% in the same period of 2016

) 4Q16 3Q17 4Q17 yoy qoq FY 16 FY 17 yoy Sales Revenue 4,120 5,180 5,219 27% 1% 17,200 19,472 13% EBITDA 273 211 387 42% 84% 1,460 1,138 -22% EBITDA Margin (%) 6.6% 4.1% 7.4% 0.8% -0.6% 8.5% 5.8% -2.6% Net

price. By the way, the Group has been compensated the increased in gas price from EGAT in form of adjusted electricity price to be in line with natural gas price. Gross Profit and Gross Profit Margin 2019