quarter of 2020 increased from 19% to 22% due to the proportion of revenue of a former large customer with a low gross margin tended to continually decline. Q1’ 2020 Q1’ 2019 Increase (decrease) Million
challenge from sugar tax imposed in April 2018, energy drink manufactures and sellers released new flavors with low sugar and promoted sales by offering discount to distributors and retailers and implementing
45.8%. ICUK is facing a challenge from sugar tax imposed in April 2018, energy drink manufactures and sellers released new flavors with low sugar and promoted sales by offering discount to distributors
continued to have presence as strong brands in the market. Implemented company-wide cost optimization With low growth market, AIS has been focusing on optimizing and digitizing the core operation including
maintain production cost as low as possible. Due to the decrease in sales volume, the Company is considering providing the manufacturing service to biodiesel producer customer again in the next quarter
percent with gross profit margin of 35.5 percent (35.9 percent in Q1/2018). The increase of gross profit was the result of low overhead cost due to high production volume and Sales increasing. Sales
nearing completion. Moreover, projects that are operating at still the beginning stage thus, the Company is able to recognize revenue only in proportion to the success of the work. 2. Cost of construction
products increasing the overall market size and providing significant total cost savings to our customers. Sales volume and revenue was also impacted by the highly competitive domestic market, as export
record high depreciation cost in full which did not correspond to such low utilization of production and machinery. The Company engaged independent engineering expert to inspect and appraise the assets and