Report of operating result of Q4/2023

Report of operating result of Q4/2023

In 4Q23, the Company posted THB 1,462.21 million in sales, decreased by THB 245.17 million or 14.36% from the same period last year. Majority of sales (62.45%) came from exports to international markets and sales from foreign subsidiaries of the Company (Myanmar, United Kingdom and Australia).

Cons was 48%, Flexs was 25%, Paper was 7%, and Trading was 20% of Total revenue in 4Q23.

Cost of Sales of 4Q23 was THB 1,198.28 million, decreased from prior year THB 265.41 million or 18.13%, resulted from lower raw material price and sales decreased.

The Company recorded its profit at THB 109.12 million increased from THB 30.39 million the same period of last year.

EBITDA increased by THB 14.35 million or by 7.80% YoY, resulted from the decrease in total cost of sales and higher gross profit. The Company intends to increase sales to strengthen utilisation rate and operating results of the Company.