principally engaged in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water treatment system; including operate clinical business which dialysis

3.5% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1/ Energy Drinks and Sport Drinks 2/ Drinking

period of new branches. However, the cost of food and beverages for core brands was well-controlled and even decreased from the previous year. Selling and Distribution Expenses (1) For the years ending 31

, represented a GPM of 66.1%, increased from THB 2.8mn in 4Q/2018, where GPM was 30.4% due to the reduction in the setup cost as explained in the cost of sales section.     Distribution costs and Administrative

in promotion discounts to stimulate consumption. 6 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Selling and Distribution Expenses

café which has a higher gross profit margin than sales from other distribution channels. The Company has also displayed the ability to manage cost efficiently. G R O S S P R O F I T a n d G R O S S P R O

has cost competitiveness and will enhance the Company’s production base for emerging markets in Southeast Asia, while LQSF’s wide-coverage distribution that reaches almost all regions of Vietnam will

the Company has increased distribution channels to export content since the second quarter of 2018. Costs of program rights business mainly consist of amortization, dubbing and translation costs. For

-6.3% 1.5% SSSG of Hardline segment -4.4% -0.1% SSSG of Food segment 1.1% 2.2% (1) Other income comprises revenue earned primarily from promotional, advertising income and logistics and distribution

/ HDPE / PP Shrink Film for cutting and forming. Currently, the capacity is 1,200 tons/year. Therefore, VAVA will not compete with the Company and VAVA will stop production and distribution of flexible