. Delay of purchasing from the projects which have already been awarded by the project owners. This led to decreasing of demand and effected to decreasing in backlog compared to the same period of time in

Company and subsidiaries established the cost efficiency projects to optimize the production cost, waste management and tighter control of purchasing raw material to in- line with reduction in sales and

have not been sufficient to completely offset shrinking consumer purchasing power, particularly in tourist areas. The Company has placed great importance on complying stringently and promptly with the

million or -40.62% YoY. The main reason for the decline in user spending was the inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the

or purchasing through food delivery services. G R O S S P R O F I T a n d G R O S S P R O F I T M A R G I N : • The Company’s EBITDA in Q4/2022 and 2022 were THB 83 million and THB 306 million

profit after tax stated in the separate financial statements and after deduction for various reverses. Therefore, it depends on the economy and the future of the Company’s operation as important. 7.2

deduction for various reverses. Therefore, it depends on the economy and the future of the Company’s operation as important. 7.2 Rights in Dividend for Subscribers of Capital Increase VAVA will receive

Customers (TFRS 15) to reflect deduction and show the net in revenue from sales, thereby causing the revenue from sales and gross margin, including the distribution costs, to reduce in value, although the net

  N/A  Payout Ratio N/A  1.05  -  Dividend Policy tTe payout rate of 40 percent of net profit after deduction of legal reserves (with additional conditions) 1  CG Score 2021 from Thai Institute of

300 million loan has been substantially paid down. Net Profit The company has sold land in 1Q’19 yielding profit of THB 98.7 million (after deduction of land cost and specialty business tax) which was