award from bidding, so the sales volume decreased. The Company entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the Company to efficiently control

and Din’s, both of which received favorable responses from consumers. However, over the course of 2019, the economic situation and consumer confidence continuously worsened and this negatively impacted

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 2 2. Economic Situation The Thai economic activity in the third quarter of 2 0 1 7 continued to expand. Export–oriented manufacturing businesses

MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade

cancellations of some of our long-term contracts. To resolve this situation, we are in the process of acquiring additional 40.0% in PBSB, allowing MACO to gain control over PBSB in order to maximise the selling

Capital Sufficiency The Corporate Group has appropriate capital management, having prepared operating cash flows statements every day to acknowledge the daily cash-in and cash-out, in order to learn about

COVID- 19 pandemic situation and expected that there shall be an impact on marketing for both domestic and export market which may be affected by lower domestic consumption and lower purchase order from

business acquisition after making an additional investment to increase ownership from 40% to 100% in order to support growth potential, increase flexibility and increase the overall beverage production

recorded of medical fee on High Cost Care (Adj RW> 2) from 12,800 baht per RW to 12,000 baht per RW in order to be in accordance with the announcement by the Social Security Office to reduce the risk of

Krone appreciating against the US Dollar, and recorded lower impairment. Due to the effects of COVID-19 which was spreading across countries around the world including Thailand. Despite the situation