previous year. The profitability of methyl ester was pressured by stiffen competition with increasing supply in Thailand. Additionally, the declining of palm oil price and the falling global glycerine price
Resulting in a high ratio of costs when compared to high incomes, the profitability rate therefore decreased too Selling expenses of the company for the year ending December 31, 2019 and December 31, 2018
base by capturing the younger generation. The Company continues to focus on optimizing the profitability of each product segment, such as increasing sales mix of direct sourcing, product assortment
profitability indicators have continually improved. The Company’s return on equity (ROE) ratio has improved to 12.9%, compared to 8.1% in Q2 2016. Return on assets (ROA) ratio improved to 6.3%, compared to 4.1
payment during the year. Financial Ratio Analysis Profitability Ratio Unit Jan – Dec 2017 Jan – Dec 2016 Gross Profit Margin (%) 34.43 39.10 Operating Profit Margin (%) 4.13 6.36 Net Profit Margin (%) 3.05
on assets (ROA) as at end of 2019 are at -2.43% and -0.86% respectively. The Company’s profitability indicators were negative this year due to the net loss, caused by the reasons explained above
repayment priciple loan during the period. 6. Profitability On 2018, the Group’s gross profit total amount of 145.99 Million Baht, or gross profit margin of 10.52% slightly increased from 2017 which was 9.98
necessity and resolved that the receipt of financial assistance is reasonable and will eventually increase Company’s profitability, liquidity and benefit to overall business operation of the Company. Thus
the legal severance pay rates. As a result, the profit of Q2–2019 decreased. - 2 - Operating Results and Profitability Performance from revenues, costs and expenses which has significant impact in Q2