back office salary expenses from business expansion. • Admin expenses to total revenue in 1H/2019 was 13.6% which improved by 4% from 1H/2018 due to better control on the back- office expenses while
increased by THB 843mn (56.3% YoY) to THB 2,339mn. The increase was contributed to largely by (i) the business expansion which resulted in the increase in operating expenses and selling and administrative
enables the Company to focus on building the most robust O2O ecosystem in Thailand and designates MACO as the international business expansion vehicle for VGI. VGI successfully acquired 23% in Kerry
accommodate business expansion and (iii) EBT of UE. Reported share of net profit from associates/JVs was THB 9mn (compared to a net loss of THB 2mn in the same period of the previous year). Following the EBT of
by THB 32 million or 21% from 9M/2023 due to the increase in employee expenses and other operating costs according to business expansion. • Administrative Expenses to Total Revenue in 9M/2024 was 15.8
enhance the trustworthiness as well as increase confidence to business partners, investors, and distributors for future business expansion. 4.3 As the Company will be the sole operator for undertaking the
reduce the cost of sales and services that are currently available. And the result is good operation. 5.5 Focusing on business expansion to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam), by set up a
expenses each of the four quarters compared to the same period last year, due to the higher back office salary expenses as a result of business expansion. • Admin expenses to total revenue in 2019 was 13.4
administrative expenses in Q1, Q2 and Q3/2019 compared to the same period last year, due to the higher back office salary expenses from business expansion. • Admin expenses to total revenue in 9M/2019 was 13.4