the transaction The Company foresees that currently the MDF Board is widely accepted to use in the production of furniture and decorating accessories, as its specification is similar to the natural wood

production of furniture and decorating accessories, as its specification is similar to the natural wood with the lower price compared with the natural wood or plywood. In addition, there are no substituted

Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Statement of income 11 Financial Position 32 Management’s Perspective towards 2020

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

robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain

reflect the actual raw material cost for the year 2019, which allowed the gross profit to improve. 5.) Natural Resources Business Group Petroleum Production and Exploration Q3/2019 Q2/2019 QoQ Q3/2018 YoY

10.06% as compared to 2016. However, higher proportion of cost of sales to net revenues from sales increased from 48.69% to 49.08% as a result of increasing prices of goods and raw materials including

million, because the Company had order to be used for the production of raw material to customers increased. - Investment in associated company decreased for 29.57 million Baht, because share of profit of

increased 31% are results of volume impact in domestic market and also selling price adjustment to trade, regarding to raw material cost increase. ⚫ Total expenses increase 30% are mainly reflected by

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees