from the same period of last year due to loss on forward contract caused by foreign exchange volatility during the Covid-19 pandemic. 1.2 Cost of goods sold and expenses Consolidated financial statements
% for year 2020, 2021, and 2022 respectively. In the year 2022, The company has closed the forward contract as a result in lower administrative expenses. Net Profit (Loss) for the Period (Attributable to
year. However, 4th quarter company recognized tax income from BOI incentives that permit to carry forward losses (as in the early stage of first production line operation, company has annual losses) and
million was mainly a result of loss from foreign exchange rate. However the company has manage the risk from foreign exchange rate by submit the request to the bank for increase the limit the fix forward
unrealized loss on exchange rate from UAC at the amount of Baht 7.66 million (in the beginning of the 4th quarter this loss will be reversed to be gain on exchange rate and UAC had already made forward
) Gross profit 439.4 427.9 11.5 2.7 Net gain on exchange rate 55.1 112.2 (57.1) (50.9) Gain on forward contracts 11.2 49.5 (38.3) (77.4) Other income 2.0 173.0 (171.0) (98.8) Profit before expenses 507.7
tax income from BOI incentives that permit to carry forward losses (as in the early stage of first production line operation, company has annual losses) and deduct them as expenses for up to five years
going forward. The Company’s financing cost decreased Baht 20.91 million, after the increase in share capital by Baht 467.10 million in March 2019 and reduction in borrowings. In this year, the Company
number of staff to support new incoming projects. 5.2 Profit on exchange rate increased by Baht 0.85 million. In the quarter 3/2018, the company has gain on exchange rate and forward contract by Baht 0.46
short term loan increase. Whereas, shareholders’ equity stood at 915.6 million baht.. The Company debt to equity ratio stood at 1.74 times and interest bearing debt to equity ratio was 1.49 times. Forward