quality of food and safety standards throughout our operation, right from the animal feeds through the end products delivered to our customers. Furthermore, the Company maintains its competitive advantage

1,113.20 996.70 116.50 11.69% Total Revenue 1,117.55 1,004.22 113.33 11.29% Net Profit for the Year 208.53 181.47 27.06 14.91% Net Profit for Shareholders of the Company 174.29 148.30 25.99 17.53% For the

996.70 819.10 117.61 21.68% Total Revenue 1,004.22 826.20 178.01 21.55% Net Profit for the Year 181.47 142.40 39.07 27.44% Net Profit for Shareholders of the Company 148.30 117.89 30.41 25.80% For the

year that gross profit margin was 15.79%. This is due to last year the Company’s benefit from steel price rise from lowest price in year 2015. 4. Administrative expenses were Baht 289.07 million

increased because the unit sale price decrease as mentioned above. Also, Sweet corn price and can packaging price, which are major portion of costs, increased in year 2018. Gross profit The company has gross

wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1

cost related to the issuance of the Warrants to Purchase the Ordinary Shares (HPT-W1) and the employee benefit cost (The Labor Protection Act No.7 B.E. 2562). Net profit and Net profit margin For the

% Revenue from services 715.6 100.0 1,751.8 100.0 144.8% Costs of services (390.0) (54.5) (1,087.5) (62.1) 178.8% Gross profit 325.6 45.5 664.3 37.9 104.0% Selling expenses (77.6) (10.8) (154.4) (8.8) 99.0

and Service 266.17 237.65 28.52 11.98% Total Revenue 269.91 238.32 31.59 13.25% Net Profit for the Period 53.50 47.07 6.43 13.66% Net Profit for Shareholders of the Company 42.13 38.17 3.96 10.38% For

and Service 539.16 494.92 44.24 8.94% Total Revenue 548.48 497.71 50.78 10.20% Net Profit for the Period 105.84 98.53 7.31 7.42% Net Profit for Shareholders of the Company 86.79 80.46 6.34 7.88% For the