increase in sales revenue from the same-store sales growth and the increase in number of branches, as well as the decrease in overall expense from increased production volumes (economies of scale). • Gross

addition, the cost per unit decreased due to the increased production volume (Economy of scale). • Gross Profit margin in Q4/2023 was 65.0%, increased from 62.9% in Q4/2022, and Gross Profit margin in 2023

from same-store sales growth and the increase in the number of branches, as well as the decrease in cost per unit from the increase in production volumes resulting in economies of scale. • Gross Profit

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

decreased. Inventories decreased by 639.0 MB, representing a decrease of 40.5%. This is because during Q3–2021, many large-scale projects have been delivered which their projects value are greater than the

37.11%, decreased from 61.56% in 2Q2021 due to the increase in employee-related costs to support the planned increase of scale and scope of services to be provided by the Company and clients in mobile

efficiency of the new stores launched in the year 2017 to benefit from economies of scale. In the first quarter 2018, the Company had total revenue of 15,900.33 million Baht, an increase of 627.77 million Baht

franchise fees (3) increased efficiency in support functions due to economy of scale that resulted in staff expense increasing slower than the company revenue growth. Zen Corporation Group Public Company

economy of scale that resulted in staff expense increasing slower than the company revenue growth. Analysis of Financial Position Assets As of 31 December 2017, and 30 September 2018, the Group had total

2018 gross profit margin was mainly driven by the adoption of economies of scale and efficient control of production cost. 2. Selling expenses In year 2018, the Company incurred selling expenses of Baht