disclosed, the issuer shall consider whether the nature of the estimate or assumption is material because of the subjectivity and judgment required to account for highly uncertain matters, as well as whether

%) (4.6 %) Gross Margin 432.7 30.5 % 371.3 26.5 % 16.5 % Distribution Costs (212.5) (15.0 %) (236.8) (16.9 %) (10.3 %) Administrative Expenses (120.5) (8.5 %) (101.9) (7.3 %) 18.3 % Profit before Income Tax

%) (937.5) (72.0 %) (21.6 %) Gross Margin 277.0 27.4 % 364.5 28.0 % (24.0 %) Distribution Costs (99.7) (9.9 %) (197.2) (15.1 %) (49.5 %) Administrative Expenses (69.5) (6.9 %) (63.2) (4.9 %) 10.0 % Profit

channels to department stores and beauty salons throughout the countries. The Company’s business operation kept growing up with sustainability and there were more variety of the products for the distribution

whether the nature of the estimate or assumption is material because of the subjectivity and judgment required to account for highly uncertain matters, as well as whether the estimate or assumption will

continued to contract, especially investments in machinery and capital goods. The delays in business investment were attributable to weak demand and concerns over the uncertain economic outlook in the period

) (72.8 %) (938.8) (73.3 %) (13.9 %) Gross Margin 301.9 27.2 % 341.5 26.7 % (11.6 %) Distribution Costs (129.5) (11.7 %) (162.3) (12.7 %) (20.3 %) Administrative Expenses (78.5) (7.1 %) (87.5) (6.8 %) (10.2

% Other Income 115 77 38 49% 88 104 - 16 -15% Distribution costs 359 311 48 15% 276 266 10 4% Administrative expenses 594 650 - 56 -9% 441 509 - 68 -13% Finance cost - Interest expenses 49 41 8 20% 34 28 6

designated as the operator of the instant and semi-instant food manufacturing and distribution business as well as the supply, manufacturing and distribution of raw materials and food ingredients to various

. Distribution Cost Distribution cost in the 1st quarter year 2019 increased compare to the same period last year due to an increase in sales volume that mentioned above. The Company incurred distribution cost THB