two factors; - Raw material price: the average price product from Crude Palm Oil (CPO) in Year of 2017 was THB 28.04 / kg., which lower than Year of 2016 of THB 36.08 / kg. since the price of crude palm

and May 2020 to prevent the spread of COVID-19 such as the shopping malls were closed temporarily and travel restrictions imposed, resulting in lower credit card spending. The provision of bad debt also

lower than the rate stated in the loan and debenture agreements at 2.5 times. * The operational results were calculated based on the consolidated financial statements which consist of the Expressway

% in Q4/17 due to the large number of transfers of the Diplomat 39 which is the project purchased for sale, therefore the GPM is lower than the projects developed by the Company. For the full year 2018

lower investment in projects and maximize brand value. For example, the Company focuses on franchising businesses to grow the brand both domestically and internationally. This attempt has been reflected

Company has company-operated stores and licensed stores as follows. In the future, the Company plans to focus on lower investment in projects and maximize brand value. For example, the Company focuses on

revenues. The ability to maintain low financial cost due to the replacement long term loan with lower rate as well as the Company’s policy to manage liquidity risk and interest rates fluctuation risk by

operators and the lower of purchasing power of middle-low income. The QoQ declined was due to the number of days in 1Q19 less than previous quarter for 2 days. For more information, the average mobile top up

. However, there were transferred revenue from the Diplomat 39 which is a project purchased for sale that made a lower GPM than the projects developed by the Company as well as special discount for sales of

full business and also the impact of the lower cost of fuel from the later shipments in 2018. Efforts continue to optimize cost further with a number of projects in the pipeline most notably on