from real estate sales, which was the main source of income for 2019. In this regard, the analysis of the operating results of the Company could be explained as follows: Rental and Service Income and

the price of raw material which was the main cost of sales of the Group. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses at each

especially the reduction in the price of raw material which is the main cost of sales of the Group. We also adjusted selling price since May this year, which causes gross profit margin to increase

which was the main cost of sales of the Group. The Group had also adjusted selling price since May this year. In addition, some new menus launched this year contributed higher gross profit margin than the

in LPG usage in transportation sector, which is main customer of the Company. This result in volume sold decreased 10.45% from previous year. However, the Company has expanded market to industrial

revenues from sales and services or increased by 0. 4 percent from last year because of the price of main raw materials used in production were increased and an impact from the minimum wage increased which

2018 to Bt5,498 million as of March 31, 2019; short-term debt as well as the long term loan decreased due to increased cash flow from operations. As of March 31, 2019, Net Interest-bearing Debt to Equity

1,775.85 (30.59) -1.72 Accounts payable 119.36 149.37 (30.01) -20.09 Long-term loan 116.51 108.67 7.83 7.21 Other liabilities 34.92 34.53 0.39 1.12 Total liabilities 270.78 292.57 (29.62) -10.13 Total

term loan decreased due to increased cash flow from operations and provisions for employee benefits increased in accordance with an amendment of the Labor Protection Act. As of June 30, 2019, Net

gross profit margin was mostly from cost management lowering the price of raw material, the main part in cost of sales. In addition, menus of the month launched early this year yielded higher gross profit