1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 11 November 2019 No. ZEN 2562-023 Subject Management Discussion and Analysis for
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Profit 41,954 32,219 9,735 30.22 Gross profit margin (%) 54.98 55.78 (0.80) (1.44) Golf Services & Property Management Revenue 40,531 30,147 10,384 34.44 Gross Profit 17,223 14,118 3,105 21.99 Gross profit
from dumping price by competitors 2) decrease in warehouse management solutions 3) even through less proportion on incremental in business forms and digital printing including revenue from packaging
Measurement and Management, a comprehensive tool that covers the whole impact management process; ii) the SDG Investor Map, an innovative tool that provides market intelligence for the country to leverage
1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2020 Management Discussion and Analysis for the Year 2020 1 March 2021 In the 3-month period of Q4-2020, UWC reported gross margin of THB 28.04
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