Stock Company (“VGI Vietnam”) with a total investment of VND 347.7bn or an equivalent of THB 457mn (THB 343mn by MACO and THB 114mn by VGI). VGI Vietnam is a leading OOH media company with nationwide
quarterly over the past two years driven by the variety and quality of the products distributed as well as cash van distribution system covering direct access to over 180,000 retail stores nationwide
nationwide, with over 1 million sales points. Both joint ventures are expected to become operational by mid-2018. The two joint ventures will enhance both companies’ competitiveness, while expanding business
million or 5.8%. Such expenses comprised of (1) nationwide on-ground operational marketing expenses of Bao Dang Ladies amounted to THB 63 million, up by THB 3 million or 4.9% (2) advertising expenses in
comprised of (1) nationwide on-ground operational marketing expenses of Bao Dang Ladies amounted to THB 62 million, up by THB 3 million or 4.9% (2) advertising expenses in other formats amounted to THB 68
55 million or 37.5%. Such expenses comprised of (1) nationwide on-ground operational marketing expenses of Bao Dang Ladies amounted to THB 62 million, up by THB 3 million or 4.9% (2) advertising
THB 162 million, drop by THB 19 million or 10.3%. Such expenses comprised of (1) nationwide on-ground operational marketing expenses of Bao Dang Ladies amounted to THB 62 million, drop by THB 1 million
as well as the effectiveness of cash van distribution system that having access to over 180,000 retail stores nationwide. Meanwhile, sales of branded product by 3rd party’s manufacture decreased by THB
the severe nationwide drought including Eastern area. Therefore, gross profit margin and net profit margin were down to 43.14% and 22.40% respectively. Return on Equity (ROE) and Return on Asset (ROA