2019 had relatively low profit margins due to the high competition. - 4 - Selling expenses In Q4 – 2019, the selling expenses increased from Q3 – 2019 and Q4 – 2018 mainly due to the commission according
international HRC prices also impacted the margins with gradual improvement witnessed during the quarter. The reported quarter thus, resulted in reduced Shipment volume and EBITDA loss and Net Loss of THB 228
– 2,400mn with our recent acquisitions. Net profit margins will however, decline from double-digit to single-digits. Despite challenges in the overseas market, we are optimistic of long-term growth and we
prices and margins. ▪ In the 3rd quarter of 2021, the Raw material and By-products’ ratio of cost of sold was increased from in the 3rd quarter of 2020 to 13.26% or increased by 15.17%. In the 3rd quarter
because the management expected that it could not be used for future tax benefits. As a result of this reversal, income taxes is higher and net profit margins in 2023 decreased more than the change in
have lower gross profit margins compared to revenue from dessert and beverage cafés. 9M/2024 vs 9M/2023 • Gross Profit in 9M/2024 was THB 756 million, increased by THB 173 million or 30% from 9M/2023
political, economic and currency risks and differences in accounting methods. Investing in emerging markets may entail special risks relating to potential economic, political or social instability and the
doubtful debts expense 147 7 2148% Reversal of provision for loss on purchase orders - - for undelivered raw material - 26 (100%) Reversal of provision differences from debt restructuring 765 59 1198% Net
- - Reversal of bad and doubtful debts expense 147 7 2148% Reversal of provision for loss on purchase orders - - for undelivered raw material - 26 (100%) Reversal of provision differences from debt restructuring
% Exchange differences on translating financial statements 0 0 - Net increase (decrease) in cash and cash equivalents 22 8 +164% Cash and cash equivalents at beginning of periods 100 92 +9% Cash and cash