cost to income ratio at 37% of total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues was 35%. - Expected Credit

which increased of 11 million baht or 0.5% y-y. However, considering the Company separate financial statement cost to income ratio showed at 35% of total revenues both in the second quarter of FY2022 and

88 million baht or 5% y-y and 3% q-q. However, the Company still maintained effective operating cost control with cost to income ratio at 35% of total revenues. Considering the Company’s separate

significantly. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues was 35.0% in the fiscal year of 2022. - Expected Credit The

selling expenses from multiple new products launch; and higher finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures.  If considering

coffee were gradually adjusted in each distribution channels considering the competitive conditions, sales and marketing strategies, coupled with other factors related to the product. Gross profit margin

Management Discussion and Analysis | 6 which is a factor in the ME EPPO price formula decreased. Meanwhile EPPO P2P in 3Q/ 2019 was close to previous quarter. Considering 9M/ 2019 and 9M/ 2018 comparison

borrow money from financial institutions. The Company is in a risk that all trade creditors will prosecute. Hence, the loan interest rate at the rate of 12 percent per year is acceptable when considering

proactive measures to timely manage the situation rapidly changed by considering all stakeholders. The Company also has the policy of efficiency management in terms of maximizing cost saving and resource

expected credit losses by considering economic conditions in the past, present and future under various assumptions and circumstances. Meanwhile, the impact of the Covid-19 outbreak on the Thai and global