increased to 19.9% from 15.6% in Q4/2017 but reduced from 22.2% in Q3/2018. Higher selling expenses to sales YoY was mainly due to multiple new products launch since late Q3/2018, e.g. Carbonated Fizza Salty
demand and supply. Moreover, the Group benefit from reduction in sugar price and excise tax and the company no longer hire 3rd party to fill the non-carbonated energy drink products in can format since
-carbonated energy drink products in can format since August 2017. From the reason mentioned above, combined gross profit margin of energy drink in bottle format and sport drink was at 36.5% slightly increased
, respectively. The rise was mainly driven by growth from overseas business and also domestic sales of a new product, carbonated canned green apple flavored Carabao in 180ml (“Carabao Green Apple”), launched
higher demand from Cambodia and Myanmar. The Company’s sales to Myanmar and Cambodia hit a record high in 3Q19 and 4Q19 respectively. As to leverage the leading position in Cambodia, carbonated Carabao
the reduction in sugar price and related excise tax as well as costs relating to outsource of non-carbonated energy drink production since August 2017. As mentioned above, gross profit margin of
reinforce the Company’s liquidity and reduce the cost as well. 5 บริษัท เจ. เอส. พ.ีพร็อพเพอร์ตี ้จ ำกดั (มหำชน) J.S.P.PROPERTY PUBLIC COMPANY LIMITED 41/1 ถ.พระรำมที ่2 ซอย 54 แขวงแสมด ำ เขตบำงขุนเทยีน
overseas businessk, we solely export energy drink in three formats including bottle, non-carbonated can, and carbonated cans under Carabao trademark. Our revenue from overseas sales amounted to THB 5,024mn
comparing to 34.5% of the same period in last year. Sales of energy drinks in formats of bottles, non-carbonated and carbonated under the CBD’s operation was at 34.8%, increased from the 34.3% gross profit