the previous year due to decreased raw material prices and rapid Thai Bath appreciation. 2. Sales cost to revenue ratio decreased by 1.66% (from 95.81% to 94.15%) because the cost of raw materials has
domestic spending o Branded domestic sales of canned fruit dropped by over 40% since the crop of the Company’s major agricultural raw materials such as rambutan, longan and lychee were declining last year
because raw materials have been used for installation works to recognize milestones of the construction service. The group’s liabilities decreased by Baht 539.22 million, mainly due to the following reasons
cost, in order to prepare for an increased level of production and the Company’s aggressive growth in the future. Additionally, the Company recorded loss recognition of Baht 4 million from Monde Malee
the end of last year. There has also been full-year recognition of Bowin Clean Energy’s performance which achieved COD in late 2016. Financial costs decreased by 33.5%, mainly from the fact that the
-Café 2 Catering / Pop-up 3 4 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee • *Actual franchise fee recognized in Q4/2019 was THB 0.9 million Management Discussion & Analysis YE
-Café 2 Catering / Pop-up 3 4 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee • *Actual franchise fee recognized in Q4/2019 was THB 0.9 million Management Discussion & Analysis YE
capacity for exports. The expansion has started operation since August 2019, and the impacts on financial statements from the recognition of depreciation expenses of the mentioned assets has started to be
prepared the production of B100 to follow the new standard of Monoglyceride content not exceeding 0.4%. Together with ability to efficiently manage raw material cost, gross profit was improved from the
the price of main raw material which increased in accordance to the global market price. As a result, Thailand has the volume of exports of palm oil more than the same period of the last year. Although