against the USD and EUR in the period. The increase in revenue was primarily due to volume growth of 6.6% Q-o-Q and 3% Y-o-Y that was supported by an increase in capacity from the Phase 3 at the new plant

supported by an increase in capacity from the investment in Phase 3 at the new plant, and the appreciation of the Baht. Cost of Sales and Gross Profit The profit margin increased slightly Q-o-Q, but dropped Y

to sales volume growth that was supported by an increase in capacity from the investment in Phase 3 at the new plant, but mainly offset by the appreciation of the Baht. Cost of Sales and Gross Profit

USD115.4 million. The increase was primarily due to volume growth of 3.3% Q-o-Q and 5.6% Y-o-Y (Table 4), which was supported by an increase in capacity from Phase 3 at the new plant and an adverse effect of

gained from Phase 3 of the new plant that supported volume growth helped lessen the effect of the above on profit margin. The Company was capable to maintain a satisfactory level of profitability that

. However, the higher cost of goods sold was lower as it was partially offset by higher production volumes supported by an increase in capacity utilization of Phase 3 at the new plant. The average profit

-term loan repayment capacity supported by solid operation, and the impact of strengthened Baht currency, which together helped offset an increase in interest rate. Earnings before interest, tax

by 3.2%, higher than 2.9% growth in 2015, according to data from Bank of Thailand and NESDB. This was mainly from acceleration of government expenditure and the recovery in both of farm income and

the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

comparison with the previous year, due to the delay approval process of budget expenditure of the government for the 2020 fiscal year. • Revenues from sales and beauty treatment services for the year 2019 were