increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

62.51% to 57.99%. 2. Net investment revenues, gains on investments and fair value losses totally amounted to Baht 30.22 million, an increase of Baht 13.46 million, because of the rise of gains from the

global economy 2.) tourism sector growth with an exceptional 12% YoY increase in tourist arrivals for the first six months of the year, especially Chinese, Russian and Indian tourists 3.) recovering

Group has initially adopted TFRS 16 and recorded an increase in right-of-use assets and lease liabilities. 1Q2020 Operating Results In 1Q20, the Company has total revenue of Baht 1,262 million; decreased

9,975 or a 6.4 percent increase, and fund members to 2.1 million or a 7.3 percent rise, from the previous year.   Meanwhile, the number of PVDs with multiple investment policies (master fund) rose to 75

years ending 31 December 2017 and 2018, the Group’s total revenue increased from THB 2,515.2 Mn in 2017 to THB 2,964.7 Mn in 2018, an increase of THB 449.5 Mn or 17.9%. This was mainly due to increased

Thailand’s overall economic growth accelerated, the benefits of growth were not distributed equally among sectors. Consequently, commercial banks were limited in their ability to increase their lending. At the

revenues since second quarter of 2018. An increase of total revenues in 6 months in 2018 is in line with the Company’s of the total revenues growth target. Cost of Services The Company incurred service costs

at 62,300 trips/ day representing an increase by 12 percent when compared to the same quarter of the previous year in accordance to expressway users learning behavior, together with the opening of the

mainly from the increase in revenue from dessert café, which was attributed to the expansion of 7 new stores from Q3/2018 and a rise in Same-Store-Sale-Growth (SSSG). Gross Profit and Gross Profit Margin