higher of direct labor cost. The net profit rate from financial statement was decreased from 5.3 percent to 4.3 percent primarily due to declining in revenue from the Domestic and Overseas restaurant

dramatically by Baht 358.75 million or 335.31% from Baht 106.99 million as at December 31, 2018 owing primarily to the net profit for 2019 of Baht 47 .13 million, share premium of Baht 28 6 .7 1 million, and

31, 2019, growing dramatically by Baht 358.75 million or 335.31% from Baht 106.99 million as at December 31, 2018 owing primarily to the net profit for 2019 of Baht 47 .13 million, share premium of

respectively. The decrease of THB 568.70 million was primarily due to the investment in short- term investment, repayment of long-term loans from bank, payment for construction of the headquarter, training and

las baht which primarily r business e Gross Pro The Comp to 198.0 m 2016. For million bah came from purchased Discussion and Services Public enues pany’s total from the sa ue to: Increased i an increase

increased by Baht 34.50 million, mainly due to the following reasons: • Trade and other receivables increased by Baht 9 9 . 4 2 million, primarily due to the increase of trade receivables-third party of

customer's sales growth. The groups sales revenue are in foreign currency (primarily USD) and USD currency costs are approximately 60% percent of sales revenues. The Group operating profit sensitivity to

2019 MD&A 5 Figure 1: Regional Performance Asia  Production in Asia went up 38% YoY primarily on account of India PET consolidation & Indonesia PTA consolidation. The EBITDA increase was 44% YoY on

Regional Highlights Figure 1: Regional Performance Asia  Production in Asia went up 38% YoY primarily on account of India PET consolidation & Indonesia PTA consolidation. The EBITDA increase was 44% YoY on

-Q and 39.5% Y-o-Y. The decrease in the operating results was primarily due to a decrease in sales revenue, an increase in the cost of goods sold, a reduction in gross margin and the effect of a change