decreased by 20.12 million baht comparing with Q3/17 and decreased by 21.77 million baht comparing with Q4/16 due to the decrease of export to Malaysia. Although, exports to India have increased, but the

significantly, but the price of imported raw materials were on a continuous upward trend, thus the cost of raw material increased consequently. Total labor cost including requirement of outsourced labors

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

to the decrease in the production of Thai automobiles and motorcycles. The Company, as the 1st Tier and 2nd Tier rubber part manufacturer, gets impact directly from the abovementioned situation. This

cost of sales increased by 2.57 million baht, representing a gross margin for the three months 38.54 % (2016: ratio 42.97 %). Cost increase as a result of increased raw material prices which makes the

Baht 14.71 million for the quarter ended 30 th September 2017 and 2016 respectively. The decrease of Baht 5.46 million in the loss is mainly due to the following 1. An increment in the Group’s revenue

quarter 2018 compared to 86.92% in 2nd quarter 2018. The decrease in the cost of sales ratio is due to the effectiveness of controlling and managing the budget as well as choosing the suitable material to

respectively, an increase of THB 43.5 Mn or 3.1%. This was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees, (3) increased sales of retail merchandise and (4

the previous year due to decreased raw material prices and rapid Thai Bath appreciation. 2. Sales cost to revenue ratio decreased by 1.66% (from 95.81% to 94.15%) because the cost of raw materials has