The profitability ratios were pointing south as Mitr Lao is putting more resources but the golden land is not yet able to produce the desired amount of cane. The EBITDA3 margin and the EBIT4 margin has been a roller coaster ride with the lowest EBITDA margin of 5% in 2013/2014 and the highest level achieved was 39% in 2010/2011. The EBIT margin pretty much followed a similar story with only one year of positive profitability in 2010/2011 of around 5% or THB 49 million.