sales adjusting upward, which itself earns higher margins than the industrial channel. The company’ s cumulative market shares of throughput 5 Management Discussion and Analysis of Business Operation for

pocket books decreasing 13.42%.  Revenues from rendering of services decreased 28.77% due to less margins from publishing, distributing and other service from foreign publications. Thus, the company will

and its subsidiaries had a net profit for the year 2019 of 64.54 million baht and net profit for the shareholders of the Company of 51.03 million baht. Net profit margins were 6.68% and 5.28% of the

gross profit margins resulted primarily from the company's efficient production cost controls and last year the company had sold a large number of products at low price to reduce stock, while the

comic books and children books decreasing 27.63%. On the other hand, pocket books increased 28.20%. • Revenues from rendering of services decreased 70.6% due to less margins from publishing, distributing

. Net profit margins were 6.43% and 4.61% of the total revenue respectively (compared to 19.30% and 15.82% in the previous year). Net profit margins for each business segment are shown below: Net Profit

and children books decreasing 49.19%, and pocket books decreasing 32.15%.  Revenues from rendering of services decreased 18.22% due to less margins from publishing, distributing and other service from

for the shareholders of the Company of 45.00 million baht. Net profit margins were 7.97% and 6.17% of the total revenue respectively (compared to 19.93% and 16.34% in the previous year). Net profit

products increased 16.2%.  Revenues from rendering of services decreased 63.91% due to less margins from publishing, distribution and other service from foreign publications. Thus, the company will no

margins from publishing, distributing and other service from foreign publications. Thus, the company will no longer continue operating this business from September 1, 2018 onwards. 2. Costs and expenses for