the back office. • For the first 9 months (9M) of 2019, net profit was THB 187 million which increased by THB 88 million or 89% from 9M/2018, due to operational efficiency and economies of scale of

growth in comparison to admin expense growth. • In 2019, net profit was THB 237 million which increased by THB 90 million or 61% from 2018, due to operational efficiency and economies of scale of operating

% 13.6%18.7% 13.0% • For the first half (1H) of 2019, net profit was THB 123 million which increased by THB 63 million or 105% from 1H/2018, due to better operation and economies of scale of operating 38

increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening

the growth in accordance with business plan for over the next 2-3 years, yet not being fully utilized nor gaining benefit from the economies of scale particularly in the glass-bottle manufacture and

from economies of scale. Moreover, we’ve established a new partnership with a major regional developer under the UBM JV - potentially adding another growth driver to Vienna House. For our residential

forecast. Exports of goods would decline in line with trading partner economies and potential impacts of regional supply chain disruptions.*  However, the Company sees that the lower interest rate also

economy remained in the doldrums, as evidenced by slowdowns in both advanced and emerging economies. Negative factors included the persistent US-China trade rift and concerns about a no-deal Brexit. Worse

to benefit from economies of scale. • Selling Expenses in 1H/2022 was THB 133 million, increased by THB 22 million or 20% from 1H/2021, corresponding to the increase in total sales. The increase in

, resulting in economies of scale. • Gross Profit Margin in Q1/2024 was 66.5%, increased from 63.6% in Q1/2023, mainly due to the increase in revenue. In addition, the Company’s ability to manage cost