11.67 0.56 6.05 Total cost of sales 54.04 100.00 84.21 100.00 30.17 55.83 Proportion of cost of sales to sales revenue (%) 26.72 44.27 Gross Profit Margin (%) 73.28 55.73 Note: /1 Other costs of goods

decreased from sales of screw flight that caused to less of its sales proportion from 35.45% to 24.44% in this quarter. Among all the products, screw flight is the product that has highest gross profit margin

increase in gross profit of Food Coating for THB 15.14 million and Flavor & Fragrance for THB 63.86 million. 2. GROSS PROFIT FROM HOTEL OPERATIONS In 2019, the negative gross margin of hotel operations was

negative gross margin of hotel operations was THB 17.38 million, equaled to 19.69% of the total revenue from operations. The hotel operations had the negative gross margin increased of THB 6.62 million or by

received from current investment. 2. Cost of sale , Profit margin In Q2/2017 the company had cost of sale Baht 82.97 million compare with the same period of previous year amount to Baht 68.01 million

decrease of value added tax receivables amounted Baht 17.39 million or 37.11% due to receiving value added tax refund from the Revenue Department for the year. - The increase of net property, plant and

in accordance to a decrease in sales revenue in this period. However, the Company has a better performance in gross profit margin from 27.34% to 27.83% in this period. Mainly came from the fact that

/2020 Q1/2019 %YoY Q4/2019 %QoQ Revenue from sales and services of packaging 144.20 144.14 0% 149.41 (3%) EBITDA 17.20 13.00 32% 14.87 16% EBITDA Margin 11.93% 9.02% 32% 9.95% 20% Packaging business Sales

nine months ended 30 September 2019 and 2020 were THB 376.95 million and THB 385.01 million, respectively, or equivalent to a gross profit margin of 67.64% and 54.84%, respectively. The significant drop

189 HRC Average Selling Price (Bht./ton) 18,097 15,491 HRC Cash Margin (Bht./Ton) 1,423 1,175 Unit: million Baht 3rd Quarter 2017 Year-end 2016 Fin an cia l St at us Total Liabilities 3,371 5,871 Total