. Especially, there was a lack of budget allocation and prioritizing, which adversely affect the determination of budget allocation for each marketing tools. Moreover, the current economic circumstances have not
Company considered that such effect may result from the lack of strategic planning and marketing operational plan. Especially, there was a lack of budget allocation and prioritizing, which adversely affect
rendering of services, decreased percentage of selling and distribution expenses to operating revenue, and tax benefits from the Board of Investment of Thailand (BOI). Operating revenue continued to show
(Translation) No OCMSET/6106/002 June 12, 2018 Subject Increase of Registered Capital, Allocation and Offering of the Newly Issued Ordinary Shares to a Specific Investor (Private Placement), Application for
%) (4.6 %) Gross Margin 432.7 30.5 % 371.3 26.5 % 16.5 % Distribution Costs (212.5) (15.0 %) (236.8) (16.9 %) (10.3 %) Administrative Expenses (120.5) (8.5 %) (101.9) (7.3 %) 18.3 % Profit before Income Tax
%) (937.5) (72.0 %) (21.6 %) Gross Margin 277.0 27.4 % 364.5 28.0 % (24.0 %) Distribution Costs (99.7) (9.9 %) (197.2) (15.1 %) (49.5 %) Administrative Expenses (69.5) (6.9 %) (63.2) (4.9 %) 10.0 % Profit
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
% YoY and 0.4% QoQ with 322k net subscribers added while 4G penetration continued to rise to 63% . Nonetheless, with our focus on brand and network investment, we continued to see improving perception
hotels under the (i) arcona brand, (ii) arcona Living brand, and (iii) Steigenberger brand as well as 2 new hotels which will operate in 2020 and 2022. 4 June 2019 VHG II paid the share purchase price in