recovery, the Company arranged more promotion and marketing events to increase sales amounts in the first six-months periods such as “FN Fair” at head office and branches. This attributes to the increase in

1 Ref FN. 023/2020 Management Discussion and Analysis For operation of the first quarter of year 2020 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

70.00 million Baht from sale of assets that the Company can further utilize as debt repaymentfor repayment of certain amount of commercial debts of the Company, which will relief risks from litigation to

People’s Democratic Republic (Lao PDR). Moreover, in the first 6 months of 2017, the company and its subsidiaries had gain net cash flow for Baht 1,636 million by gaining net cash flow from operating

invested companies in the first quarter of 2018. 20 ผล Current portion due within 1 year THB 1,173 million Total interest-bearing debt : THB 16,479 million JPY THB By Currency By Maturity Current portion of

esthetics. 2. Overview of operating results in the Quarter 2’2019. Continued from the first Quarter of 2019 until second Quarter, the world economic still be tense from political crisis in many country and

million or 23.23% due to the subsidiary company. The write-off of receivables (student retirement) was from uncontactable students, and the rate of debt forgiveness in the past decreased. The allowance is

World Federation of Exchanges (WFE) or debt instrument having organized secondary market; (3) having policy to invest in the similar assets as those permissible to invest in or to have in possession by

1,139 +6.4% Total Liabilities 10,648 9,944 704 +7.1% Total Shareholders’ Equity 8,382 7,947 435 +5.5% For the first quarter of 2019, total assets increased by Baht 1,139 million, mainly due to the

%. Gross profit was down from 35.5% to 29.4% due to low margin sales to B2B and Thai Baht appreciation against US dollar in the first quarter. The Company reported total expenses of Baht 903.0 million