' order, consequently, the majority of inventory are raw materials, expendable tools and work in process with little finished goods pending for customer delivery. The group companies normally write-off out

) Cost of sales Consolidated financial statements Change Increase/(Decrease) For Three Months Period Ended 31 March 2018 2019 THB mm % THB mm % THB mm % Raw material and packaging 78.40 77.62 33.96 62.84

with the supplier company, who is a business partner in procuring high quality and suitable raw materials. The transaction mentioned above is considered as disposal of assets in accordance with the

from 45. 3 percent in 3M17 to 45. 0 percent mainly due to the increasing of cost of raw material that used for production. The net profit rate was slightly decreased from 4. 8 percent in 1Q17 to 4. 5

production was partly offset by lower volumes at PHP plant in Germany due to force majeure by raw material supplier. Quarterly Last Twelve Months 1Q18 4Q17 1Q17 1Q18 YoY LTM 1Q18 LTM 1Q17 LTM YoY Production

of raw material increases. EBITDA in year 2018 and 2017 amounted THB 83.9 MB and THB 209.3 MB respectively. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASUMUDJADEE

assets and repayments of long-term loans, and dividend payment during the year. - The increase in inventory, by 14.35%, from raw material and inventory reserved. - The decrease of value added tax

-term loans from packing credit, letter of credit and trade payable of buying raw material for manufacturing, and accrued income tax. Shareholders’ Equity As at 31 December 2019, shareholders’ equity was

ordown by15.35 %, but the percentage of gross profit margin changing from 50.78% to 51.88% due mainly to the efficiency of food waste control and raw material purchasing in term of better price and volume

to the efficiency of food waste control and raw material purchasing in term of better price and volume deal. Selling and Admin Expenses % Selling and admin expenses to revenue of Q2 2017 and Q2 2016