2018 gross profit margin was mainly driven by the adoption of economies of scale and efficient control of production cost. 2. Selling expenses In year 2018, the Company incurred selling expenses of Baht

tax expenses (revenues) 0.28 0.04 0.24 600.00% Net profit 72.74 27.07 45.67 168.71% Gross profit margin 63.46% 59.09% 4.38% Net profit margin 46.22% 34.87% 11.35% 1. Revenues from sales The Company

2017 Pe rfo rm an ce Revenues 7,815 3,276 Sales Volume (k tons) 378 188 EBITDA 118 64 Net Profit (Loss) (451) (233) HR C HRC Sales (k tons) 378 188 HRC Production Volume (k tons) 363 188 HRC Average

% Income tax expenses (revenues) 0.58 (0.13) 0.71 (546.15%) Net profit for the period 111.21 33.52 77.69 231.77% Gross profit margin 63.63% 55.63% Net profit margin 51.83% 34.56% 1. Revenues from sales The

the year of 2018, or 1.59% due to decrease on sales, High price competition. As a result, the gross profit margin decreased from 9.19% for the year 2017 to 7.65% for the year 2018 due to the company has

introduced monetary and semi-fiscal policies to cope with the economic downturn to support the economy. In the third quarter of 2019, the company recognized revenue from the production line installation

2020 The Company recognizes revenue from the production line installation project and the production line test for the whole system installation, which is expected to be installed in May 2020, resulting

installation of the production line and the testing of the production line in respect of the installation of the entire production line, which was installed successfully. In July 2020, the results of the

in the revenue from sales was mainly due to a decrease in sales volume of seasoning and dipping sauce in Europe, along with unexpected problem that occurred in the production process. Income Statement

%) (937.5) (72.0 %) (21.6 %) Gross Margin 277.0 27.4 % 364.5 28.0 % (24.0 %) Distribution Costs (99.7) (9.9 %) (197.2) (15.1 %) (49.5 %) Administrative Expenses (69.5) (6.9 %) (63.2) (4.9 %) 10.0 % Profit