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Change in $ For the period ending March REVENUES (thousands) 2018 Actual 2019 Actual 2018 2019 Common Size Common Size Change

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2018 2019 2018 2019 Changes in $ Change in %
Revenues
Net sales $     175,222 $     178,221 100.00% 100.00% $       2,999 1.71%
Less: COGS $     132,245 $     140,211 75.47% 78.67% $       7,966 6.02%
Gross Profit $       42,977 $       38,010 24.53% 21.33% $      (4,967) -11.56%
Expenses
Operating expenses
Advertising $         1,325 $         1,522 0.76% 0.85% $           197 14.87%
Office $         1,253 $         1,324 0.72% 0.74% $             71 5.67%
Utilities $         3,255 $         3,661 1.86% 2.05% $           406 12.47%
Selling $         3,972 $         4,312 2.27% 2.42% $           340 8.56%
Total Operating expenses $         9,805 $       10,819 5.60% 6.07% $       1,014 10.34%
$              -  
Operating Income $       33,172 $       27,191 18.93% 15.26% $      (5,981) -18.03%
Other incomes(expense)
Other incomes(expense) $            895 $            952 0.51% 0.53% $             57 6.37%
Total incomes(expense) $            895 $            952 0.51% 0.53% $             57 6.37%
Income before taxes $       34,067 $       28,143 19.44% 15.79% $      (5,924) -17.39%
Provission foe taxes $           (364) $           (408) -0.21% -0.23% $           (44) 12.09%
Net income $       33,703 $       27,735 19.23% 15.56% $      (5,968) -17.71%

Calculations:

D 2018 E 2019 F G Change in $ Change in % 1 2019 178221 140211 =C3-C4 =B3/$B$3=C3/$C$3 =C3-B3 =B4/$B$3 =C4/$C$3 =C4-B4 =B5/$B

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