of 2018 was THB12.11 million In 1st quarter of 2017 was THB 2.13 million. The increased revenue resulting from the demand for raw material of biodiesel production from customers. - Refining Service for

flight that the Company acquire its raw material locally therefore the Company placed less purchase orders for raw materials to oversea suppliers in this period. As of September 30, 2019 the Company and

6 million or 200% from Q1/2020 due to the recognized sales of raw material to Mikka Café franchisee. • Revenue from Franchising in Q1/2021 was THB 2 million, increased by THB 1.5 million or 300% from

product for sales as well as raw material for manufacture to quality product and sales. For the period of three months ended 30th June 2017, the Company and its subsidiaries had cost of goods sold of Baht

’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Majority of cost of goods sold are cost of raw material are cold rolled stainless

manufacture, particularly energy drinks in both bottle and can formats, delivered an improving gross margin quarter by quarter as a result of lower costs of key raw material and packaging items, as well as

boost up of raw material cost cause from the demand over supply in electronic commodity market in 2018, together with higher inventory provision, moreover, the increasing in depreciation caused by the

Years ended 31 December 2018 2019 THB mm % THB mm % THB mm % Raw material and packaging 328.65 79.70 146.10 56.57 (182.55) (55.55) Labor costs 37.24 9.03 23.22 8.99 (14.02) (37.65) Depreciation costs

% THB mm % Raw material and packaging 179.04 80.77 71.50 60.69 (107.54) (60.06) Labor costs 21.98 9.92 11.33 9.62 (10.65) (48.45) Depreciation costs 8.64 3.90 10.06 8.54 1.42 16.44 Freight expenses 0.68

margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining