81.96% in line with the sharp increase in revenues from sales in this period. Gross profit margin was 63.63%, higher than that of 55.63% a year earlier, as a result of the significant increase in sales
The company came to a resolution to establish new subsidiaries in Thailand to invest in new Start-ups, a total of 4 new companies as follow: - BCV Bio-based Co., Ltd. - BCV Energy Co., Ltd. - BCV
composites, such as wadding, insulation, filtration, automotive acoustic insulation material and other products where heat is used to bond the fibers. The HIAM plant is expected to start operations in 2019
their partnership especially in the fast growing airbag market. The operation is expected to start by 1st Quarter of 2022. Please be informed accordingly. Yours faithfully, (Mr. Souvik Roy Chowdhury
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