Baht % 2020 2019 Thousand Baht % Total revenues 446,873 420,156 26,717 6.4 438,752 407,391 31,361 7.7 Sales and service income 443,248 417,617 25,631 6.1 434,077 404,533 29,544 7.3 Cost of sales and

estimates net realisable value of inventories taking into the account fluctuations of price or cost directly related to events occurring after the end of the period and movements of inventories and the

Revenue Increase in total revenue in 2018 due to increase in sugar sales volume from 687,046 tons last year to 1,091,228 tons or increase by 59%, however average selling price decrease from 17,362 THB/ton

(0.24) million due to most customers in the government sector changing their bidding process to E-bidding which has lower cost and expense. (Unit : Million Baht) 2018 2017 Change % Change Revenue from

constant for the rest of 2019. Income tax expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost. 3.2. Assets, Liabilities

institutions. Income tax expense Income tax decreased Baht (3) million, which was mainly derived from the overall operating results after new fixed cost allocation in group. 3 Months Quarter 2 2020 2019 Change

same period of previous year. The amount increased were mainly driven by the rise in personnel expenses, rental cost, maintenance cost, and marketing expense. However, SG&A as a percentage of sales has

bunch (FFB) in April 2020. As CPO expeditiously increased as mentioned above, the Company could not adjust selling price to keep up with the CPO market price; therefore cost of sales ratio increased from

) loss on devaluation of inventories 160 40 (300%) Total cost of sale 3,303 8,705 62% Selling expenses 43 109 61% Administrative expenses 130 112 (15%) Bad and doubtful debts expense 0 64 (100%) Loss on

(0.20) (1.81) Profit before financing costs and income tax expense 33.25 13.97 94.97 21.19 52.70 30.55 105.11 23.10 (61.72) (64.99) Financing cost 5.07 2.13 2.16 0.48 11.91 6.90 7.55 1.66 2.91 134.72