to meet international standards and make them as recognized asset class to both domestic and foreign investors. Survey results in 2017 demonstrated the importance and effort toward corporate
further advance the their business toward sustainability. Consequently, Thai listed companies are currently recognized in the international stage for their commitment to progress and prime performance in
operators and new comers resulting in continually intense competition in restaurant business. Cost of Sales and Gross Profit Cost of sales in 2017 totaled Baht 899.62 million, dropped Baht 100.62 million or
sales declined by 9.7% due to intense marketing competition led by strong Thai Baht. Domestic sales portion ended up at 24.9% and export sales at 75.1%. The Company reported gain from foreign exchange
had a higher impact from the decline in domestic purchasing power leading to lower prepaid usage despite an increase in tourism-related income. Competition remained intense with the market continued
expansion of domestic construction industry and the growth of new Shopping complexes and renovated stores, together with the turnkey projects balance brought forward from Q4/2017 completed and recognized
administrative expenses increased 95.55% from personal expense of subsidiary company and the Group had recognized provision for doubtful accounts from related parties amounted to Baht 50.55 million and impairment
requiring provisions for employee benefits of Baht 23.7 million (Baht 6.3 million recorded as production cost while the remaining Baht 17.4 million recognized as SG&A expense) the full year 2019 profit would