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

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

by 1.7% or Baht 113 million from the fiscal year 2017. Although overall Thailand economic was still stagnant, the company performed better than market by new restaurant outlets expansion. Cost of Sales

15.5 trillion (approximately US $455 billion). The value of Thailand’s exports in 2017 surged by 9.7 percent, the highest growth rate in six years, to US $235 billion, expanding every quarter for all key

the growth in sales from dessert cafés which was a result of the same-store-sales growth, corresponding to the increased in number of customers dining in at the branches, as well as the increase in the

million, or 8.5 % increased from Q2/2017 in Baht 60.1 million of which Baht 731.2 million was revenue from sales. The Company had successfully recorded a sales growth of Baht 41.0 million, or 5.9 % year

1,159.94 million baht in the year 2018 which decrease of 416.24 million baht or (35.88%) because in the year 2019, the company has plans to development the internal organization. To support the continuous

Institute and CFA Society Thailand in promoting the growth of sustainable capital market through ESG initiatives, which include the development of Global ESG Disclosure Standards for Investment Products

public and private organizations worldwide are pressing more emphasis on promoting investment for sustainable development, institutional investors have more roles to play as far as the ESG factors and

expect 2018 to be another year of impressive growth for MACO. This will be driven by the full year consolidation of COMASS, the expansion of LED billboards to 50 screens (35 screens as of February 9, 2018