the same period last year due to the growth of automobile’s and motorcycle’s production, as well as the higher export amount. 2. Increase in raw material costs around 102.71 million baht or 20.18

of raw materials is down. As a result, gross margins widened to 20.9% in 2017 from 14.8% in 2016. Production overhead in 2017 increased by 17.31 million baht or 15.7% from 2016 due to the cost of

GPM of Baht 63.7 million that 5.1% increased from Q1/2018 or by Baht 3.1 million mainly due to effectiveness in raw material and production cost management. - QSR business recorded its GPM of Baht 20.0

from sale. The direction of raw material is improving 3. Selling and administrative expenses was increased by 17.6 million Baht or 3.4 % from the supporting in marketing activity in all business unit. In

% comparing to the same period last year due to the growth of automobile’s and motorcycle’s production. 2. Increase in raw material costs around 30.68 million baht or 4.05% comparing to the same period last

Syndicate Co., Ltd., a subsidiary of Company, has invested in World Education Loan Services and the down on inventories resulting from the impact of COVID 19 situation that prevented us from importing raw

million baht for year 2020, 2021, and 2022 respectively. In the year 2022, the Company's sales decreased because the main raw material which is sweet corn can be harvested late due to inclement weather. As

increase in long-term loans of Baht 369 million; (3) repayment to liabilities under financial lease agreement of Baht 74 million; (4) cash paid to finance costs of Baht 22 million; and (5) cash paid for

million and repayment of financial lease of Baht 5.66 million but there was an increase in short-term loan of Baht 18.40 million. - 9 - (2.7) Financial Ratios Financial Ratios As at September 30, 2019 As at

the 2nd Quarter 2020. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sales and raw material importation by hedging forward contract from