year (decreased by 3.3 percent from Q4/2019), primarily due to the declining prices of seaweed as main raw materials in the production by 8 percent and the discontinuation of the production line in the
the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main
recognition on remeasurement to fair value of the derivative according to the adopted accounting policies for derivatives and hedge accounting. 2.3 Revenue from finance leases contracts Revenue from finance
outlets under “Mikka” brand • Sale of raw materials to Mikka Café franchisees in Thailand and After You Dessert Café in Hong Kong. • OEM/Food Manufacturing under the Company’s trademark or per customers
• Gross profit margin increases from the same period of last year from 41.2% to 46.9%. According to the Company has a planning and controlling for raw material purchase and has efficiently managed portion
automotive product which lead to increase in the sales volume in this zone. However, the Company’s revenue was affected by the appreciation of exchange rate of 3.4% from an average of 32.06 per 1 Dollar in
respectively, an increase in total other income amount THB 17.2 MB, which mostly increased from foreign exchange gains due to the baht appreciation. The Company has a policy to manage foreign exchange risk by
which lead to increase in the sales volume this quarter. In addition, Company’s revenue was affected by the appreciation of exchange rate of 3% from 32.14 in Quarter 2 2018 to 31.36 in Quarter 2 2019. The