% THB mm % Raw material and packaging 179.04 80.77 71.50 60.69 (107.54) (60.06) Labor costs 21.98 9.92 11.33 9.62 (10.65) (48.45) Depreciation costs 8.64 3.90 10.06 8.54 1.42 16.44 Freight expenses 0.68

baht or 0.54 percent of total revenues due to revenue from sales of scrap on raw material of 0.09 million baht, rental income from related company of 0.60 million baht, interest receive of 0.49 million

baht due to more sales volume in term of electricity - The other income in quarter 2-2019 in the amount of 1.44 million baht or 0.54 percent of total revenues due to revenue from sales of scrap on raw

increased to an all-time high from the past 3 years, as well as market sentiment fearing for the prospect of trade war after the US increased import tax of various raw materials, which would inadvertently

margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining

/(Decrease) For Nine Months Period Ended 30 September 2018 2019 THB mm % THB mm % THB mm % Raw material and packaging 256.39 80.28 109.18 60.53 (147.21) (57.42) Labor costs 30.97 9.70 15.90 8.81 (15.07) (48.66

and effectively manage the raw materials. Please be informed accordingly, Sincerely yours, Mr. Weerachart Lohsiri Managing director

partially offset by lower production and delayed price adjustment of raw material price increases in the Portugal operations. Selling and administrative expenses increased from Baht 397.06 million in Q4 2020

Company also bring the investor’s knowledge experiences in the manufacturing and trading Palm Oil as the raw material in the food industry, pet food industry, soap, and biodiesel to support the business

income 21 7 3 (88%) (63%) 34 20 (41%) Total revenue 4,477 4,064 3,489 (22%) (14%) 12,010 12,156 1% Cost of raw materials - Natural gas1 748 548 534 (29%) (3%) 2,708 2,269 (16%) - Coal 1,688 1,590 1,318 (22