of WINNER; 4) 4 stores of Trend Design; 5) 2 stores of Bo Concept; 6) 1 store of MOMENTOUS; and 7) 19 stores of overseas franchise Index Living Mall in 8 countries. Management Discussion and Analysis
average industry growth trend from the Bank of Ayudhya research Cost of Sales Based on an average of 2017 - 2019 (Unit : Baht) 2017 Audited Statement 2018 Audit Statement 2019 Audited Statement Operating
quality while enhancing efficiency and productivity. Enterprise services rise on economic certainty and continual digital transformation trend Non-mobile enterprise business reported revenue of Bt1,821mn
million baht, higher 112 million baht from 2017 and slightly drop compare to 2016 following the appreciation trend in 2017 and turning to the depreciation trend in 2018. However, the company has no policy
down 70kt or 17% year on year. On the positive side EBITDA per tonne increased 1% and as fuel is expected to reduce in 2020 the trend is encouraging. On the costs side SG&A decreased by -5% as a focus on
price is the agreed price, considering in appropriate and based on the book value including the past performance and the business trend. (6) Proportion of Shareholding Shareholding Proportion before
recent months. Prices on average have seen a decline but towards the end of the Q4 that trend had reversed and at key domestic customers prices have been rising. The impact of the weak US dollar is
offering of special investment privileges and the establishment of an official target for Thailand to become a medical hub and a center for the export of medical devices by 2020; (ii) the rising trend of
revenue: average prices have resumed an upward trend having fluctuated somewhat over the quarter due to product mix impact. This upward trend is set to continue as input prices such as fuel rise. Saraburi
investment privileges and the establishment of an official target for Thailand to become a medical hub and a center for the export of medical devices by 2020; (ii) the rising trend of illness in Thais