of IRPC Clean Power Phase 2 (IRPC-CP Phase 2) in November 2017, in which GPSC holds 51% equity, has expanded the electricity generating capacity allowing the company to increase the volume of

or 11.96% from the same period of last year due to an increase in personnel expenses and management personnel, such as salaries and wages, staff, and management. Utility Bills And land transfer fees

fee, utility expenses and etc. The company has SG&A of 222.10 million baht, 317.01 million baht and 266.19 million baht in year 2020, 2021, and 2022 respectively. SG&A ratio is 11.21%, 13.67% and 12.59

including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget

33.8% Current liabilities 1,695 53.2% 2,492 58.5% 797 47.0% Non-current liabilities 307 9.6% 434 10.2% 127 41.4% Total liabilities 2,002 62.9% 2,926 68.7% 924 46.2% Total shareholders’ equity 1,183 37.1

gross profit margin than average. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses at each After You dessert café and Maygori, utility

%) Profit for the period 4.57 25.02% 6.00 32.98% (1.43) (23.82%) Profit for equity holders of the Company 4.59 25.14% 6.00 32.98% (1.41) (23.45%) Profit for non-controlling interests of the subsidiaries (0.02

mainly comprise warehouse rentals, utility charges and other expenses related to production. Gross Profit Considering gross profit, for the period of three months ended 31 March 2018 and 2019, the Company

33.02 (1.76) (14.62) Profit for equity holders of the Company 10.29 27.95 12.04 33.04 (1.74) (14.48) Profit for non-controlling interests of the subsidiaries (0.02) (0.07) (0.01) (0.02) (0.02) (166.67

2.54 4.70 (0.85) 33.43 Profit for the period 11.86 21.52 13.60 25.18 (1.74) (12.79) Profit for equity holders of the Company 11.89 21.57 13.61 25.20 (1.72) (12.66) Profit for non-controlling interests of