for the Company to (1 ) enter into the lease of warehouse agreement with JKN Landmark Co., Ltd., (2) renew the car service agreement for the Company’s management with JKN Landmark Co., Ltd., and (3

outsourced warehouse and logistics. The gross profit grew from THB 602.8 Mn in 2017 to THB 703.6 Mn in 2018, an increase of THB 100.8 Mn or 16.7%. The gross profit margin decreased slightly from 24.3% in 2017

mainly due to (1) the increase of raw material cost from both the restaurants which the company owns itself as well as franchise restaurants and (2) increased service fee of outsourced warehouse and

order book will pick up. Certain other key segments like chemical and construction also show positive tendencies. The continued strength of the Thai baht is making exports more challenging competitively

has not only highlighted Thailand’s leading position as the regional production hub, but also reflected the potential and strength of WHA Group’s industrial estates, which can serve the needs of both

aim to enhance its balance sheets and improve their financial strength, the Company intends to extend the loan tenor from September 30, 2017 to November 15, 2017. This financial support is deemed as

from external source with aim to enhance its balance sheets and improve their financial strength, the Company intends to extend the loan tenor from September 30, 2017 to November 15, 2017. This financial

mainly due to (1) the increase of raw material cost from both the restaurants which the company owns itself as well as franchise restaurants and (2) increased service cost of outsourced warehouse and

and (2) increased service cost of outsourced warehouse and logistics. Selling Expenses For the 9 months ending 30 September 2017 and 2018, selling expenses increased from THB 68.0 Mn to THB 81.4 Mn

74.52% due to an increase in rent and service income from warehouse/factory space. This was a result from diversifying the Company’s business risk by expanding into recurring income business. The