of the main customers in South America expanded more branches and the new policy of the Company to sell products to only one customer in some country where the customer has high market shares in

, Chachoengsao, Rayong and Diana Hat Yai Branch. In addition, the Company has expanded new channels especially e-commerce through owned official platforms, Facebook: FN Outlet, Line Official Account: @fnoutlet as

expense is included in the financial statements. In addition, the Company has expanded its staff, resulting in an increase in personnel expenses and an increase in the cost of hiring consultants, such as

ratio stood at 1.58 times and the Interest-Bearing Debt ratio was 1.28 times. Forward Looking In the year of 2017, the Company has expanded its business toward Property Development for sale – Newera

was 1.28 times. Forward Looking In the year of 2017, the Company has expanded its business toward Property Development for sale – Newera Condominium Project and food and beverage business and Café shop

30 April 2019 At: ACC/HO 012/19 Re: Management Discussion and Analysis for the Quarter of 1/2019 To: President The Stock Exchange of Thailand In the first quarter of 2019, the Thai economy expanded

investment in associated company (BBF) of Baht 19.93 million since there were new biodiesel producers and the existing biodiesel producers expanded their production capacity, resulting in high competition and

parts in the country. Moreover, the revenue in South America zone increased by 11% from new customers and rental mold income. In addition, one of the main customers in South America expanded more branches

the main customers in South America expanded more branches 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

profit margin expanded from 7.73% in Q1 2017 to 7.97% in Q1 2018. Other income in Q1 2018 amounted to Baht 263.88 million, decreasing by Baht 15.68 million or 5.61% The Company and its subsidiaries had