6 percent on year on year basis. In the con- text of the overall polyester business, PET has retained its position as the world’s preferred packaging solu- tion, particularly in the growing beverages
compensation for branded products; 6) higher selling expenses from multiple new products launch; 7) higher R&D expense; 8) higher audit fees and consultant fees from new businesses establishment; and 9) higher
margin to OSP beverage portfolio. Fit Fast Firm project (OSP’s cost saving program) is expected to deliver higher gross saving than planned and will strive for delivering margin expansion despite higher C
quantity calculation methodology for Fibers and included Packaging business quantities in PET. The impactof these changes is not material. The Polyester Chain businesses are generally traded in US$ and
in domestic branded sales from new packaging launch, new crop season for canned fruit, improved domestic CMG sales plus good response of new product as well as continual growth of export branded sales
and financial statements audited by an auditor who is employed by an audit firm that has been inspected by the SEC*; 2. Submit half-year and annual financial statements that have been
%, correspondingly. Such reduction in gross profit margin was caused by change in product mix, rise in production costs and increase in packaging cost purchased from external party. Gross profits margin from domestic
sales in a greater proportion than the reduction in costs of sales, which includes fixed expenses. In addition, there was an adjustment in packaging costs in some quarters as a result of more sales from
monitored with professional investment advices. If investors encounter any solicitation to transfer money into an account of securities firm, whether or not it is the firm that investors have already opened