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

raw material cost which is higher by 1.5 percent. However, the selling and administration expenses consists of employee benefits, rental, depreciation and marketing expenses were THB 2,759 million

instead. Furthermore, the rise on an average price on steel-coil and the company was not adjusted the selling price proportionally to the rise of its raw material. Due to the market competition corporate

opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an

possible to reduce the cost of transportation for raw materials, because this location is close to the source of raw materials for production. In addition, when comparing the price of new machines according

sales was better from the same period of last year due to higher sales growth resulting in lower waste and ability to control key raw materials’ price. Selling Expenses Selling expenses of Q3’2018-2019

. The Company has 2 subsidiaries, Aurum and Aurum Company Limited which operates raw material and equipment sourcing and import. and M&M 2007 Co. (a trading company), together with the Company, the “Group

/2018-2019, in-line with reduction in food revenue. However, the Company managed raw material costs by sourcing from suppliers that offered better discount in comparison to volume and enforcing tighter

convenient for transportation, the rental fee is at reasonable level that is in line with the area nearby and it’s possible to reduce the cost of transportation for raw materials, because this location is

production management. - Seafood business recorded its GPM of Baht 67.5 million, 22.3% increased from Q1/2017 or by Baht 12.3 million mainly due to effectiveness in raw material and production cost management