Report of operating result of Q1/2023

In 1Q23, the Company posted THB 1,266.01 million in sales, decreased by THB 380.47 million or 23.11% from the same period last year. Majority of sales (56.88%) came from exports to international markets and sales from foreign subsidiaries of the Company (Myanmar, United Kingdom and Australia).

Cons 38%, Flexs 25%, Paper 11%, and Others 26% of Total revenue in 1Q23.

Cost of Sales of 1Q23 was THB 1,125.10 million, decreased from prior year THB 365.47 million or 24.52%, resulted from lower raw material price.

The Company recorded its profit at THB 22.95 million increased from THB 21.71 million the same period of last year.

 EBITDA decreased by THB 0.52 million or by 0.46% YoY. The Company intends to increase profitability and sales by strengthen utilization rate and operating results of the Company.