Report of operating result of Q3/2023

In 3Q23, the Company posted THB 1,276.57 million in sales, decreased by THB 506.75 million or 28.42% from the same period last year. Majority of sales (56.38%) came from exports to international markets and sales from foreign subsidiaries of the Company (Myanmar, United Kingdom, and Australia).

Total revenue of 3Q23 was comprised of Cons 42%, Flexs 26%, Paper 9%, and Others 23%.

Cost of Sales of 3Q23 was THB 1,103.64 million, decreased from prior year THB 452.09 million or 29.06%, resulted from lower raw material price and sales decreased.

The Company recorded profit at THB 54.58 million, which was decreased from THB 81.58 million in the same period of last year.

EBITDA was decreased by THB 56.55 million or by 28.80% YoY. The Company intends to increase profitability and sales by strengthen utilization rate and operating results of the Company.