Company’s amortization of intangible assets arising from the purchase of investments in associates and the result of associates’ delayed revenue recognition due to the delay in delivery of work. Consequently

significantly increased from Q3–2023. This is because the number of delivered projects in Q3–2024 has increased, especially those with delivery values of 10 million baht or higher. The large projects delivered in

amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work

income from the decreasing number of tourists but expenses cannot be reduced in proportion to the reduction in income. This is because the regular expenses of the company are fixed expenses such as animal

control and stored on the Cloud provided by the Cloud Provider, whose standards are acceptable and the service is reviewed on a regular basis. Hard copies of documents and printed materials are stored based

standards are acceptable and the service is reviewed on a regular basis. Hard copies of documents and printed materials are stored based on their use: Documents that are currently in use will be stored in a

. Sales in 1Q18 represented new prices for delivery that took effect in January 2018 with an effective markdown of nearly 2%. Cost of Sales and Gross Profit The profit margin in 1Q18 dropped Q-o-Q and Y-o-Y

main factors for the increase were (1) the increased in marketing expenses and (2) increased in spending on delivery services fee such as Food Panda. Administrative Expenses Administration costs

increased marketing expenses for example increased spending on food delivery services fees such as Food Panda. Administrative Expenses Administration costs were THB 328.6 Mn in 2016 to THB 423.5 Mn in 2017

, which was mainly the decline in advance receipt of goods payment, i.e. deposit, from a new customer who ordered a large volume of products. Delivery of the products has gradually been made since Q1/2018