2.8 MB respectively. The company has decreased a little of finance cost from liabilities under trust receipts for purchase of raw material. Net Profit The Company earned net profit in Q2/2017 and Q2

purchasing of raw material. Net Profit The Company earned net profit in Q3/2017 and Q3/2018 amounting to THB 38.4 MB and THB 11.9 MB respectively. Net profit of the company equal to 14.9% and 6.7% of total

19.43 million respectively, due to more delivery of raw milk to the customers compared to those of the same periods last year both in the three-month period and the nine-month period. The increases were

Company and subsidiaries established the cost efficiency projects to optimize the production cost, waste management and tighter control of purchasing raw material to in- line with reduction in sales and

DISCUSSION AND ANALYSIS FOR Q1-2020 • Inventories decreased from THB 238.24 million as at December 31, 2019 to THB 212.99 million as at Q1-2020 due to usage of raw material in stock and impairment of raw

was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported and the reduced energy. For the three-month period ended 30 September 2019, the selling

2019 for crude glycerine used as raw material in production of refined glycerine. Besides, part of the loss was also caused by loss on impairment of investment in subsidiary (AIL) of 20.75 million Baht

raw materials on 29 Jun 2018 and 31 Jul 2018, the company recorded expenses from raw materials derogation amounting to THB 2,004 million and tax income from deferred tax assets from such provision

utilization, ending 30 June 2018 Source: World Steel Association The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated

especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked between 20-30 days in 2020. Also