163 million. The Company has gain on disposal of assets and revenue from franchise was THB 311 million arise from 55 branches of franchise and asset sale agreements. The franchise agreements are for a
driven by lower sales of matured branches in conjunction with the slowdown in the country’s economic conditions and competitive landscape in the industry. However, revenues from branches in the ramp-up
with 9M17 due to the Company arranged more promotion and marketing events to increase sales amounts in the first six-month periods such as “FN Fair” at head office and branches. The Company keeps
% 32.7% 1.5% 31.0% 26.7% (4.3%) Net profit margin* (%) 20.7% 14.1% (6.6%) 20.4% 6.7% (13.7%) Number of branches as at Sep 30 38 41 8% 38 41 8% 9M/19 9M/20 Change +/(-) Change +/(-) Q3/19 Q3/20 Operating
Comprehensive Income (Consolidated) for the Third Quarter and the First Nine Months of 2023 and 2022 Management Discussion & Analysis Q3/2023 1 I 10 Branches upcountry 85% Bangkok and vicinity 15% Revenue
lessen regulatory burden and further relief for businesses. At present, the reliefs include:(1) Branches of securities companies affected by flood and unable to provide services are allowed to temporarily
some restaurants are not as planned. The Company recorded the allowance for impairment of assets of branches having loss from their operation, net of reversal, amounted to Baht 32.29 Million, and also
Baht 31.2 million, 16% decreased from Q1/2017 or in Baht 6.0 million, as a result of closing some branches which have performance less than target. - Swine farm business recorded its revenue of Baht 40.3
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