Total Liabilities 4,806 5,871 Total Asset 17,482 17,813 F in an ci al S ta tu s Total Equity 12,676 11,942 • The Company posted net loss in 2nd quarter of year 2017 amounted to THB 233 million which was

previous year by 0.79 percent, due to the increase in the cost of raw materials and increase in selling and administrative expenses, as well as increase in cost from long holiday period during the Songkran

Total Shareholders’ Equity 9,443.25 63.06 10,779.09 66.70 12,160.98 70.03 Total Liabilities and Shareholders’ Equity 14,976.32 100.00 16,160.33 100.00 17,365.56 100.00 Comprehensive Income Statements of

21,747 F in an ci al S ta tu s Total Equity 12,107 10,868 • The Company posted net loss in 2nd quarter of year 2017 amounted to THB 735 million which was loss from the operation higher than last year

importance for Golden Lime: the limestone quarry operated by TMC has already been one of the raw material suppliers in the past, but Golden Lime Public Company Limited 3 MANAGEMENT DISCUSSION AND ANALYSIS FOR

sugar tax and excise tax effective in Oct’19. “Fit Fast Firm” project deliverables in 2019 are lower raw material and packaging costs, packaging optimization, new lighter weight bottles and more

and THB 317.09 million, respectively, equivalent to a 75.79 % increase. Cost of goods sold to sales revenue ratio increased from 32.36 % to 45.16% because of the raw material and packaging increased 115

percent (35.0 percent in the year 2017). The gross margin was higher as the company could be controlled the volatility of raw material prices. In addition, the production and sales in this quarter decreased

in Malaysia. • Net profit margin is higher because of acknowledge the special revenue (Gain from bargain purchase). • There is no significant change in the cost of raw material. 2017 2018 Change

consolidation of profits of our subsidiary in Malaysia. • Net profit margin is higher because of acknowledge the special revenue (Gain from bargain purchase). • There is no significant change in the cost of raw