) -251.77% Finance costs (0.23) (0.32) (0.09) 38.21% Profit before income tax expense 53.59 34.76 (18.83) -35.14% Income tax (8.57) (4.01) 4.57 -53.25% Profit for the year 45.01 30.75 (14.26) -31.68% Other

% Finance costs (0.06) (0.10) (0.04) 67.00% Profit before income tax expense 2.38 7.65 5.26 220.74% Income tax expense (0.46) (1.20) (0.75) 163.65% Profit for the period 1.93 6.45 4.52 234.22% Other

due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales

65.95 67.77 -1.82 -2.7% Administrative expenses 122.77 115.49 7.28 6.3% Total expenses 2,616.41 3,065.73 -449.32 -14.7% Earning before interest and tax 159.52 253.50 -93.98 -37.1% Finance cost -3.67 -5.55

. (

% Finance costs (25.1) (34.1) (35.7) 4.7% 42.2% (51.4) (69.8) 35.8% Profit before income tax 235.2 388.9 388.3 (0.2%) 65.1% 883.5 777.2 (12.0%) Tax income (expenses) 14.6 (28.6) (21.8) (23.8%) N.A. (

% Finance costs (34.1) (35.7) (36.1) (35.5) (0.6) (1.7%) (106.3) (141.4) 35.1 33.0% Profit before income tax 388.9 388.3 446.0 384.7 (61.3) (13.7%) 1,550.2 1,607.9 57.7 3.7% Tax income (expenses) (28.6) (21.8

%) Administrative expenses (106.1) (96.0) (118.0) 22.9% 11.2% (272.9) (305.1) 11.8% Finance costs (36.1) (29.1) (32.6) 12.0% (9.7%) (105.9) (96.2) (9.2%) Profit before income tax 446.0 433.9 417.3 (3.8%) (6.4

products and when the Company has a higher proportion of flexible packaging, it will increase gross margin. In addition, the Company has raised Baht 30 million from the offering of newly issued ordinary

assets. Aside from government bonds of core economies, they raised their holdings of Thai assets thanks to Thailand’s healthier fundamentals when compared with regional peers. The Thai Baht therefore