caused us a longer than expected lead time to initiate, go through their approval process and list our products to the shelves based on their conditions. Even though our sales volume of energy drinks under

high bargaining power of reputable modern trade operators. These altogether caused us a longer than expected lead time to initiate, go through their approval process and list our products to the shelves

in respectively. The main results caused from: • Revenue from sales and cost of goods sold The Company had total sales volumes, total production volumes and selling price per ton were not so much

that in quarter 2/2017, and caused Market P2F in quarter 3/2017 lower than that in quarter 2/2017. Comparing Methyl Ester Market P2F for the period of 9M/2017 averaged at 5.0 Baht/Kg, it increased 15

results caused from: 5. Performance of the Company and its Subsidiaries Management’s Discussion and Analysis (MD&A) For Q3/2017 10  Revenue from sales and cost of goods sold The Company had total sales

, while dropped aggressive discount campaigns on entry packages which reflected on 25% YoY increased ARPU. During the year, screening measures for quality subscriptions were implemented, which caused a

raw water and electricity expenses which caused to the declining of 215.14 million Baht or 18.70% of the total cost. Gross profit, therefore; slightly decreased by 61.45 million Baht or 2.86% to

this regard, such decreased revenue was caused by main factor that project value was not so much. However, when compared with numbers of project in the current year. The core projects in 2017 comprised

for year 2017 and 2016 in respectively. The main results caused from: 5. Performance of the Company and its Subsidiaries Management’s Discussion and Analysis (MD&A) for year 2017 11  Revenue from sales

results The Company reported a net profit of THB 990 million and a net loss of THB 7 million for year 2017 and 2016 in respectively. The main results caused from: 5. Performance of the Company and its