Company Limited Management’s Discussion and Analysis Performance for the Period Ended December 31, 2018 Cost of goods sold Total cost of goods sold presented at Baht 1,385.47 million decreased by 0.91

., Ltd. will be located in 2/1 Wongsawang Road, Wongsawang, Bangsue, Bangkok. At present, we are in the process of establishing the company. To invest the ordinary shares of Vanachai Logistics Co., Ltd. is

year by Baht 258.40 million or is equal to 16.7% which was resulting from same store sales growth at 14.72% and new branches at 2.23%. During the year, the Company had launched new products, especially

years stood at 0.53% and 0.46%, respectively. The Company recognized the additional past-employment benefit liabilities in the statement of financial position and the past service costs from the plan

less earning than previous year. Company Financial status 1. Total asset, the company had total asset as at March 31, 2019 with amount of 880.36 million bath decrease from December 31, 2018 by 5.99

. 3. Royalty income At percentage of net sales from factory compared with market price with three-year license period. 4. Royalty expenditure At percentage of net sales from Company compared with market

production employees of the factory at Laem Chabang. In 1H17, the Company had gross profit margin of 29.63% which decreased from 34.27% in 1H16. The main cause stemmed from the duplicated cost of labor between

Directors’ meeting of the Company no. 7/2019 held on August 14, 2019 passed a resolution to enter into the agreement to lease the office space for the Company and its subsidiaries at TFD Building with JC

increased at 5.1 percent. And for the Company total revenues for the six month of 2018 equal to 6,296.5 million baht higher than the same period for last year at 311.9 million baht or an increased at 5.2

last year 24.2%. The Company’s 6-month end net profit margin stood at 25.9%. An increase of net profit was a result of the Company has higher revenues from collection of purchased accounts receivables