25-year Power Purchase Agreement (PPA) with the tariff of USD 6.5 cent per kWh. The project was able to achieve COD as scheduled in PPA, and construction cost is in line with the budget approved. Move

to the new labor protection law. More causes for loss were sales decrease; higher cost per unit as a result of lower utilization rate; higher depreciation; following the Excise Act, B.E. 2560; higher

brought by additional staff and rental expenses for new branches. The proportion of selling expenses to total revenue for 2018 and 2017 were 30.77% and 30.94% respectively. Café staff cost per total revenue

declined fixed cost per unit were another factors for gross margin improvement. Administrative Expenses In 1Q’18, administrative expenses increased by 35% yoy due to the increase of expenses namely

insufficient inventory space. The cost per unit therefore increased significantly. Which the company has already built a factory to solve the said problem. However, the company could maintain the level of

decrease in gross profit margin was due to the depreciation of the U.S. dollar currency and an increase of the fixed cost per unit of products produced at Laem Chabang factory while the production decreased

same period of last year including 1Q19. This is because the customers’ purchase order had declined, and as a result, the overall utilization rate was lowered, and consequently the production cost per

optimal level yet. Therefore, cost per unit was higher at this point, which should continue to impact the Company’s performance for the short term. However, the Company’s operating performance is expected

to revenue from dessert and beverage cafés. The gross profit margin in 9M/2024 was 66.1%, increased from 64.8% in 9M/2023, mainly due to revenue growth and the decrease in cost per unit from the

mentioned. • EBITDA margin hike to 28.3% in Q3’2019 from 1) the contributions from solar projects in Vietnam which give relatively higher EBITDA margin and 2) a 2.1% q-on-q declining gas cost per unit while