tally with consolidated financials due to holding segment. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) and one-time

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

, 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

53 million or 30.5% since these are non-core products but tools to expand the Company’s brand awareness. The new product, carbonated Carabao Green Apple flavor in a 180-ml can (“Carabao Green Apple

2018, were an instructive factor to cost savings of the Company’s non-carbonated canned energy drink. In the 1H/2020, gross profits were THB 3,556 million, an increase of THB 956 million or 36.8

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

to net realizable value based on inventory aging; and higher employee benefit obligations under severance pay of Baht 20 million for employees serving 20 years or more from 300 to 400 days, according

decreased c.15% YoY, mainly due to the drop in fruit juice sales following the slowdown in fruit juice market, plus high sales base last year resulted from new packaging launched which inventory at trade

inventory on lower- margins from sales. Total expenses were Baht 450.0 million, decreased by 5.9% compared to same quarter last year due to measures taken up to control expenses. As a result, the Company