fund as working capital in business operation, sourcing raw materials, and increase Company’s production capacity. The interest rate of this loan can be divided into 3 categories as follow; 1. Funded

period ending 31 March 2018 could be divided in to two key components as follows: 1. Variable cost component which shall be varied in accordance with the volume sold consist of (1) raw materials and

THB 1,336 million from the expenses of raw materials derogation; and 2) an increase of non-current assets of THB 527 million, which was mainly due to the increasing of PP&E value of THB 751 million

from fresh fruit in Luggaw stores across 5 branches • Sale of raw materials to Mikka Café franchisees in Thailand and After You Dessert Café in Hong Kong. • OEM/Food Manufacturing under the Company’s

across 8 company- owned outlets under “Mikka” brand • The sale of products from fresh fruit in Luggaw stores across 9 branches • Sale of raw materials to Mikka Café franchisees in Thailand and After You

increase of gross profit from 28 percent of the year 2016 to be 30 percent of the year 2017. The main result caused from the price of raw material was in declining trend and also the Company could manage the

decreasing at the amount of 4.57 million from the decrease of revenue from selling raw materials in the 1st quarter 2019. Financial Position: Consolidated Financial Statements 1. Total Assets Statement of

gross profit from 28.36 percent of the 1st quarter 2017 to be 29.92 percent of the 1st quarter 2018. The main result caused from the quantity and price of raw material was in declining trend. For the cost

94.95% 90.46% 89.67% Selling Expenses 4.44 3.88 2.51 3.17% 2.62% 2.08% Admin Expenses 10.01 9.52 10.66 7.14% 6.43% 8.82% • Even though in Q1/2020 the cost of raw material is still low closing to Q4/2019

the Company was 31.8% mostly as a result of higher raw material costs (particularly cullet) and natural gas price, higher listing fees from the new product launches in both beverage and personal care