project e.g. lower cullet costs, new formulation, lower sugar costs, however, somewhat offset by cost increase from natural gas. *Net Profit = Net Profit attributable to owners of the parent Financial

). This was mainly contributed by the performance of “Fit Fast Firm” project, which drove down raw material and packaging costs (sugar, cullet, and other packaging materials), optimized product formulation

contributed by the performance of “Fit Fast Firm” projects e.g. lower cullet costs, new formulation, lower sugar costs and light-weight bottle, however, somewhat offset by cost increase from natural gas. - The

robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain

formulation optimization. During the year, the Company has utilized IPO proceeds to invest as planned. The new glass factory (SGA2) has completed in Q3’19 and started commercial operations in Oct’19. This

(Formulation Optimization) และการจัดการซพัพลายเชนทีม่ปีระสทิธภิาพ อัตราส่วนค่าใชจ่้ายในการขายและบรหิารต่อรายไดจ้ากการขาย (SG&A to sales ratio) คดิเป็น 23.0% ขึน้อยู่กับชว่งเวลาการโฆษณาและ จัดกจิกรรมสง่เสรมิการ

outsourced production with fully completed services, from formulation development, research, marketing and label design and packaging services, including cosmetic product filings with the Food and Drug

Manufacturer and supplier of cosmetic products by way of outsourced production with fully completed services, from formulation บริษัท ดีโอดี ไบโอเทค จ ำกัด (มหำชน) 111 หมู่ท่ี 2 ต ำบลท่ำจนี อ ำเภอเมืองสมุทรสำคร

engagement? 8. What metrics do we expect to see and where they do not yet exist, how do we encourage their formulation? 9. What level of assurance do we need for reports to be credible? Do we look at auditors

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...