) (76) (3,347) (79) (175) 5 (4,078) (78) (556) (14) Net Realizable Value (NRV) 2 0 - - 2 na. (1) (0) 3 (300) Product to Feed Margin 1,111 24 899 21 212 24 1,140 22 (29) (3) Variable Costs (495) (11) (355
percent for three months period and increased by 5.6 percent for the nine months period respectively. Most of the higher expenses are staff expenses that are normally raised and the increased delivery costs
first half of 2019. On the costs side SG&A has again shown further improvement and versus 2017 overall dropped 1% as a percentage of revenue as the synergies of integrating Saraburi Quicklime impact
improvement and cost saving program) that helped driving overall costs down. For Q4’19 gross margin recorded at 35.0%, showing the effectiveness of Fit Fast Firm project to mitigate the impact, such as new
5mn to THB 23mn in this quarter, mainly due to the loan for financing the Rabbit Group acquisition in March 2017. Despite the aforementioned increase in costs from the consolidation effect, the increase
Variable Costs (323) (8) (416) (9) (458) (9) (135) 42 (43) 10 (1,077) (8) (1,230) (9) (153) 14 Fixed Costs (134) (3) (137) (3) (130) (3) 4 (3) 7 (5) (392) (3) (406) (3) (14) 4 Stock Gain/(Loss) 110 3 (413
) (0) (2) 0 (2) na. Product to Feed Margin 779 19 1,031 20 1,140 22 361 46 109 11 3,264 19 4,339 22 1,075 33 Other Variable Costs (326) (8) (468) (9) (448) (9) (122) 37 20 (4) (1,403) (8) (1,693) 9 (290
100.00 52.83 1.28 Costs of Sales and Services 3,030.52 72.65 3,022.74 73.40 7.78 0.26 GP 1,140.61 27.35 1,095.56 26.60 45.05 4.11 EBITDA 774.43 18.57 808.07 19.62 (33.64) (4.16) EBIT 523.32 12.55 513.61
) (3,522) (76) 1,547 (44) (2,575) (70) 600 (23) Net Realizable Value (NRV) (7) (0) 2 0 (9) (450) (4) (0) (3) 75 Product to Feed Margin 834 30 1,111 24 (277) (25) 1,075 29 (241) (22) Variable Costs (403) (14
. Although the company has tried to expand the channels to the new market and variety of industries. The company also has subsidiaries in the group that have relatively high operating costs. And there are the