compared to 31 December 2018: 3.3. Cash Flow Analysis Cash and cash equivalents at the end of Q3 2019 decreased slightly by 7mTHB from the start of the period to 31mTHB. The main differences on a year-on

dollar since the beginning of 2017. Furthermore, despite three policy interest rate increases in 2017, to 1.25-1.50 percent, global interest rates remained low, contributing to a “search for yield” and

due to the Company has adopted its functional currency to be USD since beginning of year 2019 in order to better fit the Company’s recent operation and that the impacts derived from the materials

shares losses from associate company Grace Water Med Co., Ltd. number of 2.14 million Baht due to the construction of the plant and machinery in the beginning of year 2017, which is expected to have

2017 increased 13.38 percent from year 2016, due to higher sale volume, higher raw material cost and expense from major overhaul in the beginning of year 2017. Comparing to 4th quarter, cost of goods

as expenses from setting Corporate shops / consolidation in the Flexiglass’ expense (the new acquisition in that recently acquire in the beginning of 2018) / Research and development cost in new

; Revenue decrease due to World sugar price volatility At the beginning of 2017, world sugar price has climbed up to 20 cent/lb then dropped sharply to 10 – 12 cent/lb now, due to global sugar supply is

to 12,526 THB/ton. At the beginning of 2017, world sugar price has climbed up to 20 cent/lb then dropped sharply to 12 – 13 cent/lb now, due to global sugar supply is surplus in 2018 with the

. %Gross Profit Margin Selling and Administrative expenses Business Overview Q1’2020 Performance Due to the COVID-19 outbreak at the beginning of 2020, Thailand have enacted several protective measures

. Shareholders’ equity decreased 100,725 baht compared to the last year due from adjustment of beginning retained earnings as a result of the adoption of the new financial reporting standard in year 2020. From the