gross profit margin than average. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses at each After You dessert café and Maygori, utility

sales volumes. Administrative expense increased mainly because of higher staff costs due to a higher headcount and annual salary increases. In addition, after KCE America became a subsidiary in 2018

10.67 million or 14.79% as compared to 1H17. Such decrease was due to a decrease in staff costs, a. reclassification of fixed costs at the new factory which incurred as a result of lower-than-normal

as follows: Q-O-Q Change Increase/(Decrease) Q2/2017 Q2/2018 Selling expenses 3.5 5.4 54.3% Mainly caused from the staff costs increase. Administrative 10.3 10.7 3.9% expenses Total selling and

commission on the sale in the industrial estate project. 2.3 Administrative Expenses of Baht 53.89 Million. The items are usually staff salaries and fees related to the operation of industrial estate projects

. Administrative 12.3 6.6 -46.3% expenses Total selling and administrative expenses 16.2 12.2 -24.7% Selling and Administrative Description Note(THB MB) Mainly caused from the staff cost decrease. Finance cost The

reversal of such transaction of Baht 4.0 million in 2019. And there was an increase in total staff expenses of Baht 8.4 million in 2019. The interest expenses in 2019 was Baht 11.7 million, or 2.14

staff travel, consultants, staff training, and marketing and advertising activities, suspending new hires • Optimizing staff by using technology to promote work efficiency and reduce overtime expenses

in sales from the restaurant business while still having other fixed costs of sales (kitchen area), such as staff, rent, utilities and depreciation. The gross profit margin decreased from 47.4% in 2019

Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations, kitchen utensils and space usage expense of production unit. Major part of