same period of the previous year. This decrease stemmed from a decrease in raw material prices and reversal of losses on inventories devaluation. Gross Profit Margin Gross profit margin is equal to 37.45

2.8 MB respectively. The company has decreased a little of finance cost from liabilities under trust receipts for purchase of raw material. Net Profit The Company earned net profit in Q2/2017 and Q2

purchasing of raw material. Net Profit The Company earned net profit in Q3/2017 and Q3/2018 amounting to THB 38.4 MB and THB 11.9 MB respectively. Net profit of the company equal to 14.9% and 6.7% of total

19.43 million respectively, due to more delivery of raw milk to the customers compared to those of the same periods last year both in the three-month period and the nine-month period. The increases were

Company and subsidiaries established the cost efficiency projects to optimize the production cost, waste management and tighter control of purchasing raw material to in- line with reduction in sales and

was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported and the reduced energy. For the three-month period ended 30 September 2019, the selling

2019 for crude glycerine used as raw material in production of refined glycerine. Besides, part of the loss was also caused by loss on impairment of investment in subsidiary (AIL) of 20.75 million Baht

especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked between 20-30 days in 2020. Also

decreased by 1.8% from 1H/2020 due to the reduction in the proportion of in-store sales and sales of raw materials to Mikka franchisee which has lower margin than normal product sales • The Company’s EBITDA

dine-in areas resulting in higher proportion of take-home products and orders via food delivery services, which have lower margins than dine-in products, as well as the sales of raw material to Mikka