a result of the relaxation of COVID-19 control measures. In addition, the Company achieved higher sales of raw material to Mikka Café franchise. R E V E N U E : • The Company’s gross profit in Q1/2022
%, because the price of natural rubber which is the main raw material for production increased. • Selling and administrative expenses decreased 2.03 million baht or 5.15 % due to higher operating efficiency
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
material cost of natural gas. Sales and service income (included revenue from finance lease under a Power Purchase Agreement) decrease 1.5% YoY from Baht 1,637.7 million to Baht 1,613.3 million. The decrease
decrease in unit rate which is adjusted in line with the decrease in average natural gas price, thus sales also decrease in line with the fuel material cost of natural gas. Sales and service income (included
that of in 2016 and 2015 of 73.5% and 72.7%, respectively. However, the cost structure is quite similar to that of the previous year with high proportion of raw material cost being accounted for 80% of
broadband, and device sales. QoQ, total revenues slightly decreased 1.7% from lower device sales and IC revenue. Service revenue was Bt36,957mn, increasing 6. 9% YoY and 0. 2% QoQ. Excluding IC & equipment
% YoY and 2% QoQ, comprising of service revenue and device sale as follows. Service revenue was Bt38,235mn increasing 5. 3% YoY and 3.5% QoQ. Excluding IC and equipment rental, core service revenue in
margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining
% utilization rate. While material cost lowered, coinciding with cassava price direction; the main ingredient, from the constant rain. As a result, Ethanol Fuel Business EBITDA was recorded at THB 74 million (+81