. 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
Million Baht % Million Baht % Million Baht % 1. Program right business Revenue from program rights 249.87 100.00 327.23 100.00 77.36 30.96 Cost of program rights 136.41 54.59 180.24 55.08 43.83 32.13
, depreciations, kitchen utensils and space usage expense of production unit. Major part of cost of sales is raw materials. 1H/2019 vs 1H/20181H 1H/2019 vs 1H/20181H Management Discussion & Analysis Q2/2019 17.6
business in 1Q2018 decreased from lower selling price of processed food which decreased by 9.70% comparing to 1Q2017. Cost of Sales Cost of sales for 1Q2018 was THB 3,439.11 million, a slight decrease of THB
implemented cost management program to reduce fixed expense items such as salary and benefits, professional fee and office rental. Finance Costs Finance costs consist of lease payments under the sub-lease
net sales ratio (%) = (Selling and distribution expenses + Administrative expenses) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense + Finance Cost) / Total revenues
: Statement of comprehensive income for the nine-month period ended 30 September (Unit : Million Baht) 2017 2016 Change Operating revenue 1,111.90 1,057.78 54.11 Operating cost 941.45 914.88 26.57 Gross profit
revenue 792 852 978 14.9% 23.5% Cost of sales 326 356 387 8.8% 19.0% Gross profit 466 496 591 19.2% 26.7% EBITDA 320 352 444 26.0% 38.8% Adjusted EBITDA1 324 361 451 25.1% 39.2% EBIT 236 251 333 32.5% 41.3
) Total expenses 662,055 663,759 (1,704) (0.26) Selling & Admin. Expense 151,667 146,849 4,818 3.28 Finance cost 59,602 42,429 17,173 40.47 Gross profit 220,013 254,702 (34,689) (13.62) Net profit 34,805