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

labor cost and raw materials since the 2nd quarter of this year. Even though this resulted in the Company had the production cost and the cost of goods sold increased, but this policy would finally help

was Baht 706.01 million, which decreased from the same period of previous year by Baht 26.35 million or 3.60 percent, due to the decrease in raw material cost and depreciation of 6.71 percent despite

well as the decrease of raw material cost and depreciation of 2.13 percent. Cost of services was Baht 86.52 million, which increased from the same period of previous year by Baht 7.42 million or 9.38

, driven by volume and recognition of value from our customers and was as per our plan despite the fact that costs of raw materials and fuel was well above last year same period. Maintenance and HR expenses

“Mikka” brand • The sale of products from fresh fruit in Luggaw stores across 10 branches • "Song Wat Coffee Roaster" has a total of 1 branch. • Sale of raw materials to Mikka Café franchisees in Thailand

fruit in Luggaw stores across 14 branches • A specialty coffee shop with a total of 2 locations • Sale of raw materials to Mikka Café franchisees in Thailand and After You Dessert Café in Hong Kong. • OEM

and desserts across 5 company- owned outlets under “Mikka” brand • The sale of products from fresh fruit in Luggaw stores across 14 branches • Specialty coffee shops in 2 locations • Sale of raw

deliver outstanding raw materials to the company over a period and the company has been returning raw materials from suppliers of THB 16 million, consequence to declining of the amount of damages from

period result from the movement in prices of raw mate- rials and products from the end of the previous reported period to the end of the current reported period. The cost of sales is impacted by inventory