) higher revenues from franchise fees (3) increased efficiency in support functions Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 due to
segment. Moreover, the production cost of painting segment was higher owing to production efficiency and quality cost during the early stage of new model mass production. There was also the modification
production efficiency, reduce cost of production in the future, and support more sales volume in the future also in the year 2018 the Company increasing the rate of benefit of an employee who has past service
efficiency, thereby lowered expenses significantly. However, during the year Krungthai ZMICO recorded a share of loss and an impairment loss from its associates. Consequently, the net operating result for the
decreased year-on-year, attributable to improved efficiency as well as on-going cost reduction and cost control. Hence, gross profit margin improved from 7.0% of sales in Q1 2016 to 7.7% of sales in Q1 2017
Foil, Laminate and Fiberglass. However, an increase in capacity and efficiency gained from the latest investment that supported sales volume growth helped lessen the effect of the above on profit margin
is 0.58 times. Profitability Ratios With a gross margin of 26.50 % and a net profit margin (11.49) % Performance Ratio From the asset yield percentage (3.51), the company can not use the efficiency
resulting from a higher cost of raw materials Copper, Copper Foil, Laminate and Fiberglass. However, an increase in capacity and efficiency gained from the latest investment that supported sales volume growth
the net profit margin (10.34) Performance Ratio The return on assets (5.84) indicates that the company can not use the asset efficiency. To achieve the target revenue. Financial ratio analysis. From
investment in machinery to improve production efficiency, reduce cost of production in the future, and support more sales volume in the future also. - Administrative expenses in the year 2020 increased by Baht