) (38.3) 11.9 31.1 Net fees and service income 177.2 174.0 3.2 1.8 Gain from financial instruments measured at fair value through profit or loss 22.7 1.5 21.2 1,413.3 Gain on investments 148.2 11.2 137.0

10.06% as compared to 2016. However, higher proportion of cost of sales to net revenues from sales increased from 48.69% to 49.08% as a result of increasing prices of goods and raw materials including

increased 31% are results of volume impact in domestic market and also selling price adjustment to trade, regarding to raw material cost increase. ⚫ Total expenses increase 30% are mainly reflected by

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

instruction, procedure and technical production, production flow, machine standardization, raw material standardization, diagnostic, testing and process control including the procedure and patent and other

of Baht 8,792.0 million, increased of Baht 101.1 million. Because the increasing cost of raw material in manufacturing. Financial status Total assets As of 31 December 2019, the company and its

managed to reduce raw material costs due to cheaper sources of raw materials imported, but the cost of depreciation of new machines and cost of maintenance have increased. For the year of 2019, the cost of

02-943-7740 2. Decrease in cost of goods sold and services (19.92), compared to the same period last year. This is due to the decrease in sales volume. And higher raw material costs. 3.The increase in

Company had a order to be used for the production of raw material to customers increased. - Investment in associated company increased for Baht 4.43 million, occurring from realizing of profit sharing in