unit cost following the Company’s higher capacity utilization to cater to larger production volume which helped pull down certain fixed production cost. 3. Selling expenses In Q1/2018, the Company

the same period of the previous year by 385.49 million baht or 572.96 percent increase and the company's gross profit margin in 2019 is 9.41 percent or decreased Down from the same period of the

rental income decreased. Also, the Company has discount the rental fee to the client who rent the area which has been impacted by the Lock Down. For operating results for 6 months of 2020, the Company has

, and cut down marketing budget in order to cope with the reduction in sales and services revenue. In addition, The Company and subsidiaries has change in recognition of depreciation of right-of-use asset

, which impacted by COVID-19 outbreak and temporarily closed down studios since late March 2020 to end of May 2020 according to the government preventive measures. However, Expanding online fitness classes

of its normal risk management using a delta-neutral hedging strategy. The Delta hedging strategy requires that the Company continuously adjusts its hedging position as the market moves up or down. If

, commercial’s film shooting and other events must be stopped in strictly comply with government measures. At the same time, some clients have slowed down in using advertising budgets or changing advertising

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THB 362 million, respectively, which increased by 3% from Q4/2018 and 53% from 2018. • However, EBITDA margin in Q4/2019 dropped by 2.7% from Q4/2018 as a result of the slow down in dessert café sales

7.0 % from the past year, the overall selling and administrative including R&D expenses/sales in 2017 went down from 15.6% to 14.2% in 2016. Financial costs or interest expenses of 20 million baht in