company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative

well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative expenses. For the six-month period ended June 30, 2018 Jubilee Enterprise

sales of the company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and

million or 14.0 percent as the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and

profit margin for the year 2019 was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation

well as sales mix management in each product category efficiently. However, the Company still strictly controlled on the selling and administrative expenses. For the twelve-month period ended December 31

to 4.74% in 2019. The increase of gross profit margin was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of

sales was 1,711.86 million Baht or at 95.29% of revenue from sales which increased from 93.65% of year 2017 due to higher energy costs and product mix. 3. Selling and administrative expenses increased

mainly due to the followings: (a) Lower contribution margin recorded resulted from unfavorable model mix; and (b) Higher tax expense recorded during the 3-months period ended 30 April 2019 by Baht 2.82

444.9 million Baht or at 93.39% of sales which decreased from the 3rd quarter of last year of 102.32% and decreased from the last quarter of 95.17% and that was due to product mix and improving in yield