due to time lag in price adjustment from rising raw material prices of Portugal operations in the first half of 2022. However, raw material prices started to normalize in Q3 2022 while http

from 45. 3 percent in 3M17 to 45. 0 percent mainly due to the increasing of cost of raw material that used for production. The net profit rate was slightly decreased from 4. 8 percent in 1Q17 to 4. 5

production was partly offset by lower volumes at PHP plant in Germany due to force majeure by raw material supplier. Quarterly Last Twelve Months 1Q18 4Q17 1Q17 1Q18 YoY LTM 1Q18 LTM 1Q17 LTM YoY Production

of raw material increases. EBITDA in year 2018 and 2017 amounted THB 83.9 MB and THB 209.3 MB respectively. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASUMUDJADEE

assets and repayments of long-term loans, and dividend payment during the year. - The increase in inventory, by 14.35%, from raw material and inventory reserved. - The decrease of value added tax

of the year. However, the gross margin in the middle of 2019 will receive a positive effect from seaweed price and exchange rate; thereby the costs of main raw materials will be reducing by more than

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB

, primarily due to decrease in withholding tax refund and retention receivables. • Inventories increased by Baht 21.46 million, primarily due to raw materials for engineering service and trading business. The

• 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

-term loans from packing credit, letter of credit and trade payable of buying raw material for manufacturing, and accrued income tax. Shareholders’ Equity As at 31 December 2019, shareholders’ equity was