amount increases were mainly driven by the rise in personnel expenses, rental cost, utility cost, merchant fees, maintenance cost, and marketing expense. However, SG&A as a percentage of sales has

35.94%. The Company has determined the cost of by-products according to the market selling prices since 2nd quarter of 2019 to March, 2020 the market selling price was decreased to lower than cost of by

Expense In passing 2017, the cost of goods sold was Baht 338.00 million or equivalent to 50.84% of total net sales that decreased from the same period of previous year 0.31% came from the sale of goods

fluctuates according to the raw material price during the changing period. ▪ In 2021, Refined Glycerine cost of sales ratio was decreased from 2020 to 6.97%. The company realized an increase in profit since

by Baht 98.6 million mainly from cost of Natural Gas Power Plant from decrease in fuel material cost because of the decline in average natural gas price. In addition, cost of repair and maintenance of

implemented cost management program to reduce fixed expense items such as salary and benefits, professional fee and office rental. Finance Costs Finance costs consist of lease payments under the sub-lease

revenue Cost of Goods Sold Cost of goods sold for the three months ended 31 March 2019 and 2020 stood at THB 54.04 million and THB 84.21 million, respectively, equivalent to a 55.85% increase. Cost of goods

million to THB 333.40 million or decreased THB 30.19 million or 8.30% due to the revenue of films’ rights distribution decreased. Cost of Production and Service / Expense of Sale and Management 1. Cost of

235.13 275.19% Income tax expense (3.64) (13.23) 263.46% Profit for the period 59.03 221.90 275.91% 2017 2018 %YoYIncome Statement (in million Baht) -2- Cost of Sales Cost of sales in 2018 was in the

marketing and managing expense to support existing customers as compared. 4. Financial Cost For the year 2017, the Company’s financial cost was Bt. 542.24 million, increased for 15.87% from year 2016. The