the Philippines, as well as the Company. Both factories have high proportion of fixed cost so they have a great impact on the net profit for the whole group. However, since the company in the

2016 and 2017 were Baht 127 million and Baht 151.1 million, respectively, which grew at a rate of 18.98% due to increasing number of non-capitation patients, the growth of average revenue per visit for

guarantee of 60 million baht, which the company opened a 1-year fixed deposit account for guarantee of plastic resin purchase. The company will have a lower interest rate than buying a credit with the seller

which lead to increase in the sales volume this quarter. In addition, Company’s revenue was affected by the appreciation of exchange rate of 3% from 32.14 in Quarter 2 2018 to 31.36 in Quarter 2 2019. The

large portion of fixed costs. Some of which increased from the previous year, especially the labor cost and bonus with annual adjustments, and depreciation increasing slightly due to new machines

its distributor in China as mentioned above, and as a result, the available resources for production, namely machinery, labor and fixed costs, did not match with actual production volumes, not to

high proportion of fixed cost so they have a great impact on the net profit for the whole group. However, since the company in the Philippines still do not have enough order to optimize production, the

margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW

domestic tourists and earnings of Thai labor have declined while unemployment rate has been increasing. In addition, whilst private consumption shows some growth but limits in some areas; therefore

Baht 102.11 million or 30.06% from the same period of previous year. The increase in cost of sales was not in line with the increase in revenue from sales due to the fixed cost of expenditure on factory