”) reported consolidated operating revenue of THB 317 million in Q4/2023 and THB 1,217 million in 2023, increased by 20% from Q4/2022 and 30% from 2022, respectively. The increase in revenue was mainly due to

Financial Reporting Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand

but also a constructive factor to refresh the brand image of Carabao in the country aligning to the vision of “World Class Product, World Class Brand”. Other sales were THB 111 million, an increase of

more than its target, which reflected in 2019 gross margin increase by 250 bps YoY to 34.9%. Q4’19 Gross margin was slightly improved 50 bps YoY and recorded at 35.0%, despite the impact of new sugar tax

(RTD) coffee - a part of the branded products by 3rd party’s manufacture – due to more brand awareness perceived by target consumers. Meanwhile, sales of branded products by our own manufacture decreased

with Diamond Brand”, as well as effective cost management having maintained good gross profit margin and increased net profit in 2020. (2) Analysis of Operating Results and Profitability (2.1) Revenues

% increase from the same period last year. This was the result from new customers. 2. Dividend income of 0.04 Million Baht was 0.02 Million Baht or 86.36% increase from the same period last year because

will focus on more premium products to increase profitability, and more mass products to increase sales volume, both in the fruit juice category as well as other categories, which will also help reach

5.37 Million Baht or 2.65% decrease from the same period last year. This was the result from Order OEM brand Keen and Order OEM Injection Plastic reduced. 2. Other Income totaling 7.25 Million Baht was

47.7% in 2019 due to (1) the cost of food and beverages of new brands, in particular Khiang, requiring promotional discounts to increase traffic and create brand awareness during the initial opening