% Adjusted EBITDA Margin (%) 1.0% 9.3% -8.3% 4.4% -3.4% 4.3% 8.6% -4.3% Net Profit -97 185 -152% -36 169% -113 317 -136% Item from raw materials derogation - - n.a. 14(2) -100% 16(2) -2,004 -101% Tax income

Microsoft Word - MD&A 2Q17 EN August 15, 2017 To President, The Stock Exchange of Thailand Subject Notification on the difference of revenue from sales and net profit YOY by more than 20 percent

% increase compare to the same period of previous year due to an interest received from current investment and revenue from sale of Printed Block. 2. Cost of sale , Profit margin For Quarter1 of the year 2019

profit from this business unit since there were Made to Order that the Company can control margin and CPO’s price fluctuation. 1.3 In the 2nd quarter of 2019, the Raw material and By-products’ ratio of

of income from investment in associate 0.25 0.40 -0.15 -37.5% Corporate Income tax expenses -14.83 -11.74 -3.09 26.3% Net profit for the period 59.32 47.10 12.22 25.9% Profit Sharing for non

Margin 6 Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations, kitchen

Revenue Q1/2022 vs Q1/2023 Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations

, decrease Baht 0.59 million or 6.08%, both period not very difference. 2. Cost of sale , Profit margin In Q3/2017 the company had cost of sale Baht 85.71 million compare with the same period of previous year

increased from excise tax and partly offset by cost reduction of raw materials and packaging. Food business Food cost of sales slightly increased from utilities cost in production and partly offset by cost

%, accounted for 2.16% increase, compared with 64.09% last year. The increase in gross profit margin was mostly because the Group had better cost management especially the reduction in the price of raw material