profit margin. Administrative and Selling Expenses Selling, general, and administrative expense as a percent of sales increased slightly to 13.5% in 1Q18 compared to 12.5% in the same period in previous

same quarter of last year. ⚫ Increase in cost of goods sold are mainly impact to minus in bottom line of 7.1 million baht. ⚫ Rising in selling expenses of 15% are from increasing in salesforce

positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Franchise fees income increased from THB 15.1 Mn in 2016 to THB 56.5 Mn in 2017, an increase of THB

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

) positive same-store-sales growth during 2017, (2) opening new branches and (3) increased sales of raw material to franchisees. Franchise fees income increased from THB 15.1 Mn in 2016 to THB 56.5 Mn in 2017

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

period as compared to a profit of Baht 4 million in the same period last year. The loss in the current period is mainly from loss of Gallery operation while the profit in the prior year was mainly from

same way of sales, but increase in less portion of sale increase. So it seem that this decreasing of cost of sales or increasing of gross margin was due to (a) the company had developed new formulas with

decreased by Baht 61 million mainly relates to lower profit from Banyan Tree China Pte. Ltd. Finance cost decreased by Baht 26 million as compared to the same period last year due to the capitalization of

same time, the brand successfully grew its market share by 470 bps to 25.6%. - The Board of Directors passed a resolution to propose to the Annual General Meeting of Shareholders to approve the total