margin in 2018 was 8.9%, drop from 11.3% in 2017 and 10.9% in 2016 respectively cause from above mentioned higher material cost. Consequently, net profit in 2018 was 9.7% or 5,126 million baht compare to
disturbed by sharp decline in Chinese tourists, turned off by series of unfortunate events. The Chinese tourists are one of a key customer of the company. Consequently, domestic sales experienced a 1 6.69
% in 2017 respectively. The cause was the above mentioned higher cost of production and R&D expenses. Consequently, net profit in 2019 was 5.8% or 2,952 million baht compared to 9.7% and 10.0% in 2018
subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2019 MANAGEMENT DISCUSSION
., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 ratio of the Group and Interest Bearing Debt to Equity ratio was 1.27 times and 0.47 times, consequently, which is low risk on
products. Additionally, marketing efforts were put continuously in the Philippines. Consequently, sales expenses to sales revenue ratio escalated moderately from 40.85% to 59.24% as the Company incurred
, increasing by 3% from last year from ACS Servicing (Thailand) Co., Ltd. accordingly and others. The Company has planed to generate more fee base incomes in the future. • Expenses The Company’s expenses mainly
mandate, makes the Company challengingly control the cost of sales. Consequently, there is a loss from CPO that its cost is higher than the Company’s average selling price of 3.00 Baht/Kilogram. The amended
from ACS Servicing (Thailand) Co., Ltd. accordingly. In the third quarter of 2017, commission income amounted 119 million baht, and collection service income of 58 million baht respectively. The Company
%. Due to the Company had to invest more in its content to support the business growth of both export sales and local sales, the amortization of rights had increased and accordingly, its cost of program