Company’s amortization of intangible assets arising from the purchase of investments in associates and the result of associates’ delayed revenue recognition due to the delay in delivery of work. Consequently
amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work
efficiency of assets utilization and also increase cash flow to the Company. 8. Directors who abstained from vote in the Board of Directors’ Meeting The directors who are representatives from ThaiBev abstained
franchise fees (3) increased efficiency in support functions due to economy of scale that resulted in staff expense increasing slower than the company revenue growth. Zen Corporation Group Public Company
) higher revenues from franchise fees (3) increased efficiency in support functions Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 due to
segment. Moreover, the production cost of painting segment was higher owing to production efficiency and quality cost during the early stage of new model mass production. There was also the modification
(efficiency improvement and cost saving program) that helped driving overall costs down. Gross profit increased by THB 315 million (or +16.8% YoY) to THB 2,191 million in Q3’19. “Fit Fast Firm” Project
Million due to efficiency improvement in raw material and production cost management. - QSR business recorded its GPM of Baht 79.0 Million that 2.6% increased from 2018 or by Baht 2.0 Million. - Swine farm
efficiency, thereby lowered expenses significantly. However, during the year Krungthai ZMICO recorded a share of loss and an impairment loss from its associates. Consequently, the net operating result for the
policy of some distribution channels in domestic to enhance the efficiency of expenses. Such policy made the decrease of revenue but decrease the expenses caused from that distribution channels also. In