Management Discussion and Analysis for the year 2021 4 Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) for

10.21% Sales and service income 5,586 4,920 666 13.54% Gains on exchange rate 102 199 -96 -48.47% Other income 50 89 -38 -43.22% Cost of sales and services 4,912 4,421 491 11.11% Gross Profit 675 500 175

49.6%. Net profit for the 6-month period ended 30 June 2020 is equal to Baht 80.0 million, decreased by Baht 39.5 million or is equal to 33.0% from the same period of last year. Earnings per share is

Tax and NCI 175 117 95 85% 540 334 62% Inventory gains (losses) 18 14 38 (52%) 17 58 (70)% Total tax on Inventory gains/(losses) (3) (1) (6) (50%) (2) (9) (78)% Net profit, before extraordinary items

prices (sweet corn), canned prices, which are an important proportion of costs. and the production volume was lower than the same quarter of the previous year. Gross profit The company has gross profit of

profit margin 17.3% 16.2% Debt to Equity ratio 0.11 0.14 Earnings per share 0.80 0.65 ROA 19.8% 16.3% ROE 20.8% 18.6%

profit of 548 MTHB, decreased by 406 MTHB or -5.4% of net profit margin comparing with Q1 2018. This decrement was mostly caused by lower products’ spread margin across all products together with the

faithfully, (Mr. Hiroaki Sano) Managing Director Financial Ratios Q2 2019 Q2 2018 Gross profit margin 20.7% 18.8% Net profit margin 14.3% 12.0% Debt to Equity ratio 0.10 0.10 Earnings per share 0.57 0.43 ROA

Performance For Q3 2018, the Company and its subsidiaries recorded net profit of 625 MTHB, increased by 270 MTHB or 76% improvement comparing to the same period of last year. The Net profit margin increased

. would like to inform the financial results for the first quarter of 2019. The Company and its subsidiary reported a net profit of THB 127.61 million or earnings per share of THB 0.13, comparing to a net