Company’s gross profit margin significantly decreased from 43% in 1Q2019 to 41% in 1Q2020. The lower gross profit margin attributed to revenue mix which is less contribution from revenue from residential
bps YoY). The decrease in gross profit margin was due to product mix or higher contribution of C-Vitt. Higher proportion of C-Vitt in total portfolio distorted the overall gross margin as C- Vitt
home to reheat and ‘Pancake Mix’, finished pancake flour products, as well as other consumer products from other manufacturers which are essential for every day lives. In addition, consumers can also
order to develop new differentiating products. For examples, Croffle with Jo Banoffee flavor (collaboration with Jo’s Banoffee), Okonomiyaki Pancake Mix (collaboration with Bar B Q Plaza) and Tomato
the new iPhone13 in the previous quarter. However, the sales margin grew from +0.9% in 4Q21 to +1.4% in 1Q22 due to an increased sales mix of higher-margin handsets. Cost & Expense In 1Q22, the cost of
was at 49%, compared to 54% in 2Q21, from a higher mix of handset sales revenue. The reported net profit was at Bt6,305mn, was flat QoQ but dropped -10% YoY from FX loss and high base of 2Q21 with one
decreased -3.5% YoY from higher marketing expenses. EBITDA margin was at 48%, a decline compared to 49% in 2Q22 and 54% in 3Q21 mainly due to an increased mix of handset sales to total revenue. The reported
underlying projects. (Bonds that intentionally mix Green and Social Projects are referred to as Sustainability Bonds, and specific guidance for these is provided separately in the Sustainability Bond