. Reasons were as follows; • Strategic focus in Thai White rice of domestic market and price adjustment, regarding to increasing in cost of goods. • Moreover, increase in sales volume from government contract
volume, new model launch and new product launch of auto parts manufacturing business in Thailand. 2) Price adjustment of Portugal operation started to reflect in Q3 2022. 3) New model launch and adding of
quarter of 2017, company has been investing in equity securities which gains on revaluation of its investments at fair value at ฿ 79 million. However, the Company will continue to adhere security policy to
shareholders’ equity as of 30 June 2018 which exceeds Baht 65,000,000 (“Price Adjustment”). According to NML’s statement of financial position as of 30 June 2018, the deficit in the shareholders’ equity was less
markdown of about 1.8% of sales. Cost of Sales and Gross Profit The gross profit margin in 1Q19 of 21.1% declined Q-o-Q and Y-o-Y due to the effect of an annual selling price adjustment, a change in foreign
increased due to the Company’s price adjustment with respect to OEM sales during the 1st quarter of 2020 and the Bath depreciation during the 2nd quarter of 2020. For the first 6-month period of 2019 – 2020
accordance with lower sales. Gross profit margin decreased from 11.24% in Q3 2020 to 9.34% in Q3 202, mainly caused by lower sales, delayed price adjustment of raw material price increases in our Portugal
denominator which result in lower gross profit margin. 2) Product mix 3) Portugal operation takes approximately 3-6 months to negotiate the price adjustment with customers. However, Gross profit margin has
manufacturing business in Thailand. 2) Price adjustment of Portugal operation started to reflect since Q3 2022 onward 3) New model launch and adding of new brands to our dealership portfolio. Selling and
gain (loss) on revaluation of investment (41.91) (12.27%) - 0.00% (41.91) 0.00% Earning before tax 19.51 5.71% 42.67 35.52% (23.16) (54.28%) Income tax expenses (7.52) (2.20%) 1.27 1.06% (8.79) (692.13