million baht and 1,526.63 million respectively, increasing 6.69% and 16.31% from the previous year. The company continues to focus on improving operational efficiency and increasing our ability to expand

reduction of raw materials. Selling Expenses Selling expenses of Q3’2018 was Baht 390 million, decreased by Baht 24 million or 5.8% from Q3’2017, mainly from increased efficiency of advertising and

the year 2018. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

% Efficiency ratio 31-Dec-18 31-Dec-17 Return on equity 5.9% 5.7% Return on asset 4.6% 4.9% Liquidity ratio 31-Dec-18 31-Dec-17 Current ratio (time) 1.35 1.26 Leverage ratio 31-Dec-18 31-Dec-17 Interest bearing

the year 2019. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

venture, Synergistic Property Development Company Limited, with a registered capital of THB 100,000. The venture was jointly invested with Ek-Chai Distribution System Company Limited for a 50:50

2017 Page 4 of 15 2015 2016 2017 Cash Profit Margin 13 (%) 133.95 106.56 119.70 Net Profit Margin 14 (%) 7.16 9.66 10.14 Return on Equity or ROE 15 (%) 13.15 16.26 15.24 Efficiency Ratio Return on Assets

% Efficiency ratio 31-Mar-20 31-Mar-20 31-Dec-19 Return on equity 5.0% 5.0% 1.2% Return on asset 5.0% 5.9% 2.5% Liquidity ratio 31-Mar-20 31-Mar-20 31-Dec-18 Current ratio (time) 1.04 1.10 1.06 Leverage ratio 31

the efficiency of energy saving programs resulted in lower electricity consumption than estimated in PDP 2015 and power generation from renewable energy theoretically increases as a result of

could contribute knowledge, skills and experiences in the palm oil business to enhance the Company’s efficiency in business expansion. Moreover, in building additional business alliances in connection