decrease from the same period of 2017 of 11.1%. Total revenues were 518.3 million baht decline from the same period last year at 5.5%. However, this year the Company has more income from food and beverage

21.0% in 2018. Excluding TBSP’s gross profit margin of 18.6%, the Company’s gross profit margin in 2019 was 23.4%, slightly decline from a year earlier, primary by lower Gross Profit of Packaging & Label

, increased by 7.20% compared to last year. As a result, the Company reported net profit of Baht 65.98 million, decreased by 30.23% from last year. Earnings per share presented at Baht 3.09. Statement of

, however, it would be restrained by non-farm household income given signs of moderation in earnings, and lower consumer confidence among low-income households due to elevated household debt. Bank of Thailand

domestic tourists and earnings of Thai labor have declined while unemployment rate has been increasing. In addition, whilst private consumption shows some growth but limits in some areas; therefore

) (6.7) Overseas Restaurant Business 873 945 (71) (7.5) Others 52 45 7 15.5 Total 7,786 7,775 11 0.1 Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) In 2017, the Company has earnings

Bakery Wholesales Business 762 817 (55) (6.7) Overseas Restaurant Business 873 945 (71) (7.5) Others 52 45 7 15.5 Total 7,786 7,775 11 0.1 Earnings before Interest, Tax, Depreciation and Amortization

, administrative expenses would increase by only 2% yoy . Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA (not included other income, provision for employee benefit and underpaid Adj RW income

61.27 67.82 (6.55) (9.66) Administrative expenses 33.04 43.47 (10.43) (24.00) Earnings before interest and taxes (EBIT) 10.97 (2.70) 13.67 (506.71) Financial costs 2.77 1.09 1.69 155.39 Income tax

year. The quantity of Sales was increased 9.8% while the average of selling price was down according to the decline of market steel price. Hereby, the cost of goods sold was Baht 4,989.97 million which