gross profit from 28.36 percent of the 1st quarter 2017 to be 29.92 percent of the 1st quarter 2018. The main result caused from the quantity and price of raw material was in declining trend. For the cost

% and 7.8% of total revenue, respectively. Summary of selling and administrative expenses are as follows : Q-O-Q Change Increase/(Decrease) Q1/2017 Q1/2018 Selling expenses 3.7 4.0 8.1% Mainly caused from

administrative expenses are as follows: Q-O-Q Change Increase/(Decrease) Q3/2017 Q3/2018 Selling expenses 3.9 5.6 43.6% Mainly caused from the sale promotion expenses and advertising expenses increase

2019, revenues from the food and bakery wholesales businesses were in the amount of THB 539.61 million decreased by THB 5.38 million or equivalent to 0.99 percent caused by the decrease of sales of the

downstream facilities/convertors. Presently only few texturizing machines are running in IRSL to consume the existing stock of POY raw material. The loss of production and sales caused by lockdown for almost 2

were the first-time home buyers who had no housing loan obligations and were impacted less by the BoT measure, the strict measure caused a significant negative effect toward real estate industry. In

demand in the market. Excess production in China caused extra problems as the local production could not be shipped out due to pandemic, resulting into an intense competition and price in China. For

Ratios 19 P a g e | 3 - Management Discussion and Analysis 2Q2020 - Executive Summary In 2Q2020, crude palm oil (CPO) price was higher than 2Q2019 caused by the implementation of biodiesel B10 as the

4Q2019, CPO price climbed up to 33.94 Baht/kg., rose by 10.93 Baht/kg. or 48% primarily caused by a fallen domestic CPO inventory from 319,000 tons in 4Q2019 to 170,000 tons in 1Q2020. In 1Q2020, methyl

(+6.05%). The purchasing power of customers has been declining since the third and fourth quarters of last year, which caused IT device sales to significantly decline. The main cause for the decline is the