margin in 2018 was 8.9%, drop from 11.3% in 2017 and 10.9% in 2016 respectively cause from above mentioned higher material cost. Consequently, net profit in 2018 was 9.7% or 5,126 million baht compare to

disturbed by sharp decline in Chinese tourists, turned off by series of unfortunate events. The Chinese tourists are one of a key customer of the company. Consequently, domestic sales experienced a 1 6.69

opened on 1 September 2019. Nevertheless, the Company adopts equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys; consequently, performance of Jupiter hotels will be

year 2018. Consequently, book value as of November 30, 2019 was 79.6 baht per share, increased from 72.2 baht per share as of February 28, 2019. Debt to Equity ratio as of November 30, 2019 at 3.7 times

% in 2017 respectively. The cause was the above mentioned higher cost of production and R&D expenses. Consequently, net profit in 2019 was 5.8% or 2,952 million baht compared to 9.7% and 10.0% in 2018

equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys; consequently, performance of Jupiter hotels will be reported under share of gain/loss from investment in joint ventures

downturn in the goods-producing sector intensified, while agricultural output continued to fall amid a lingering drought. Consequently, annual private consumption growth moderated, while business and

Analysis for the year 2019 4 Accounting Standard. Other income which consisted of dividend income, consequently increased in the year 2019, in accordance with a decrease in share of profit from investments

., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 ratio of the Group and Interest Bearing Debt to Equity ratio was 1.27 times and 0.47 times, consequently, which is low risk on

products. Additionally, marketing efforts were put continuously in the Philippines. Consequently, sales expenses to sales revenue ratio escalated moderately from 40.85% to 59.24% as the Company incurred