transactions occurred during the 2nd Quarter 2017. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward

the other income. 1.3 Cost of goods sold Major cost of goods sold are cost of raw material such cold rolled stainless steel sheet and coil and special grade stainless which the Company and its

(2,348) million, affected from the company sell assets (BOI) to Free Zone in order to alleviate import duty tax, VAT and penalty burden which can see detail in Note no. 10 Property, plant and equipment in

length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Major cost of goods sold are cost of raw material such

assets, if material, each quarter. Inventory days were 98 days in 2019, 89 days in 2018, and 77 days in 2017. Liquidity The group has THB 8.7 billion in cash and financial investments with no interest

-of-date inventory, and make provision for aged inventory and depletion in the value of fixed assets, if material, each quarter. Inventory days were 77 days in 2017, 73 days in 2016 and 70 days in 2015

opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an

material decrease in sales from China. The Company has plans to expand further to other potential countries and is in the process of conducting market feasibility studies in those markets. Table 1: Sales

at June 30, 2018 amount of Baht 609.78 million increase Baht 21.29 million or 3.62% , an increase in property, plant and equipment by Baht 16.11 million, due to the investment in machinery of new

Material Transactions Deemed as Acquisition or Disposal of Assets dated 31 August 2008, and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and