natural gas cost. This also caused the gross profit margin for 9 months to increase from 25% in 2016 to be 27% in 2017. 12 Operating performance Q3/16 Q2/17 Q3/60 Change +/(-) 9M/16 9M/60 Change +/(-) (Unit
February 2020 Subject: Clarification of the operating results for the year ended 31 December 2019, change of rate more than 20 percent To: Director and Manager The Stock Exchange of Thailand Ocean Commerce
the increase were mainly due to increased revenue from animation segment and reverse allowance for doubtful account from 2018 Analysis of operating result Revenue Business categories/Segments For the
revenue, after revenue recognition from Sun Express Logistics Pte. Ltd., revenue was shifted to an increase in revenue from Air Freight. Significantly Summary of change in proportion Revenue from Sea
margin to enhance net profit margin in its core business and revenues from Synergy among Jaymart Group of Company. Moreover, the Company was able to increase other revenues – food and beverage business and
result The Company’s operating result for the year 2019, revenue from sales increase from last year by 16.7%. Gross profit margin is equal to 46.6%, whereby net profit for the year is equal to Baht 262.21
December and the fourth quarter of 2019) Performance Analysis Unit : MB Y2019 Y2018 Change MB % Net sales 1,001.58 1,057.38 (55.80) (5.28) Other income 41.40 47.74 (6.34) (13.28) Total revenues 1,042.98
increase derived from the domestic sales increasing 10.85 percent. For the year 2018, the proportion of domestic sales was 53 percent of total revenue from sale. In addition, other incomes also increased
considered a post-employment benefits plan amendment. The effect of the change is recognized past service costs as expenses in the income statement . The Company and its subsidiaries recognize the increase in
previous year were as highlighted below; Separate financial statements (Unit : Million Baht) Q2/2019 Q2/2018 % Change 6 Month 2019 6 Month 2018 % Change Sales and Service Income 516 467 10 1,001 934 7 Cost