Babi Mild (+13.6% YoY to THB 985.7 million) and Twelve Plus (+3.0% YoY to THB 507.1 million) sales improvement. We believe both brands will continue to reap out benefit from being more focus (after SKU
previous year of Bt731.43mn, in 4Q18, the gross profit was Bt166.35mn, down 4.6% YoY due to the slowdown of the grassroots economy, the depreciation cost of and the improvement of the performance of the
management cost is increased due to establishing the subsidiary overseas which causes higher travel and other relevant costs but due to the separate financial statement for the current period yields the long
-peak period (during the low electricity tariffs) and the average capacity utilization was only 61%, thus, the current estimated useful lives under straight-line depreciation method caused the Company to
maintenance cost increased due to the earlier than expected improvement projects on the kilns. However, maintenance has normalized and the average cost of fuel has reduced so Q4 should result in lower variable
control and negotiation for rental expenses reduction according to the COVID-19 outbreak. • Selling expenses to total revenue in Q1/2021 was 31.5%, improved by 3.0% from Q1/2020. The improvement was due to
December 2018 stood at 0.55x, an improvement from 0.93x in 31 December 2017. Current ratio as of the same date and period stood at 2.67x, a considerable improvement from 1.69x, both mainly as a result of the
robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain
% 2018 % Thousand Bath % 2019 % 2018 % Thousand Bath % Current Assets 667,437 58.4 670,482 58.0 (3,045) (0.5) 664,175 58.6 646,293 57.0 17,882 2.8 Non-Current Assets 474,717 41.6 485,565 42.0 (10,848) (2.2
% 2018 % Thousand Bath % 2019 % 2018 % Thousand Bath % Current Assets 667,437 58.4 670,482 58.0 (3,045) (0.5) 664,175 58.6 646,293 57.0 17,882 2.8 Non-Current Assets 474,717 41.6 485,565 42.0 (10,848) (2.2