resulted from revenue decrease from the sale of plastic woven bag from the effects of the recessions of economic circumstance since the beginning of the year, combine with the drought condition which
Analysis for the year 2019 Thai Energy Storage Technology Public Company Limited (the “Company” or “3K-BAT”) hereby submits Pro forma consolidated financial information for the year 2019. Because the Company
September 2019 • Increase in gross profit was mainly derived from the following reasons: 1. Engineering service (“EN”) had an increase in gross profit for Baht 53 million because of no revision of estimated
investment which the Company has invested since January 2017. Cost of Sales and Gross Profit Unit : THB mm Unless otherwise stated For the three-month period ended 31 March 2017 2016 Total sales 156.20 138.38
Service The Company does not have refining service revenue since the 2nd quarter of 2019 because have not enough capacity to services. 1.3 Refined Glycerine In the 2nd quarter of 2020 had revenue of 43.04
sales of this product of the company has continued to grow with the strength of sale channel and product quality. Since 2015, the company has been awarded ISO 13485, the Quality Management System for
not want to invest for a long term for the development of public utility because the company is required to use the proceeds from the sale of shares to the investment and development of industrial
continuous exchange rate fluctuations since the beginning of the year because of mainly exporting to foreign markets. Since the Company’s production standards focuses on product quality (it is shown that the
two factors; - Raw material price: the average price product from Crude Palm Oil (CPO) in Year of 2017 was THB 28.04 / kg., which lower than Year of 2016 of THB 36.08 / kg. since the price of crude palm