with the Thai Financial Reporting Standards no.16 regarding lease agreements (“TFRS16”) which was effective since 1 January 2020. Notwithstanding, that the compliance to TFRS16 provided no significant
ensure resilient cash flow and profitability. Effective strategies and business plan together with cooperation from business partners and employees would encourage the Company to survive the crisis and
in order to maintain liquidity and financial flexibility. The Company remains cautious on investment, while seeking various sources of working capital, along with effective control and management of
due to effective in cost management and currency appreciation than the previous year resulting in lower product costs. In the year 2019, the exchange rate was between 30.33 – 32.53 Baht per 1 US dollar
approximately 90% of all sales. However, in compliance with the government’s order and measure to shut down shopping malls effective since March 22, 2020, the branches in shopping malls are permitted to provide
measures as announced by the government. However, the shutdown of shopping malls which are considered as the main sales channels of the Group effective from March 22, 2020 to May 17, 2020 has severely
effective tax rate was 18.9% increasing from 18.2% in 2Q21 due to expiring tax benefits and declining from 19.6% in 1Q22 from general adjustment. SG&A expenses were Bt5,690mn, increasing 11% YoY and 2.8% QoQ
, following the decline in profit before tax. The effective tax rate was 18.9% increasing from 18.0% in 3Q21 due to expiring tax benefits and remain steady from 2Q22. SG&A expenses recorded Bt5,633mn, increased
from B7 to B5. However, September 27, 2022, the Energy Regulatory Commission (ERC) No.14/2022 has a resolution for adjusting the proportion of biodiesel mandatory from B5 to B7, effective from October 10