cut down the cost and expenses in the second quarter of 2019 resulted in gross profit of 12.92%, a decrease of 1.76% from gross profit of 14.68% in the second quarter of 2018. Sales and Administration

74.02% due to an increase in sales. This resulted in gross profit of 13.66%, decreasing by 1.58% from 15.24% in the first quarter of 2017. Sales and Administration Cost The company recorded sales and

quarter of 2017. Sales and Administration cost The company recorded sales and administration cost of 96.01 million Baht in the second quarter of 2018 which increased from the same quarter last year totaling

increased sales. This resulted in gross profit of 15.27%, decrease of 2.84% from gross profit of 18.11% in the third quarter of 2017. Sales and Administration cost The company recorded sales and

increased sales. This resulted in gross profit of 13.33%, decrease of 3.94% from gross profit of 17.27% in the third quarter of 2018. Sales and Administration cost The company recorded sales and

organizations under the newly introduced framework are public organization, provincial administration organization, municipality, Bangkok Metropolitan Administration, Pattaya City and juristic person established

persons ) and related services i.e. registration with Food and Drug Administration (FDA), trademark permission, product and packaging design, and brand building etc. to customers who are business operator

transferred on share sale and purchase date from the seller’s connected persons ) and related services i.e. registration with Food and Drug Administration (FDA), trademark permission, product and packaging

skin medicine under trademarks including trademark of “DERMALIS”, (which will be Criterion Calculation Method Transaction size 1. Net tangible assets (NTA) Proportion of assets acquired (100%) x NTA AT

Equity Method and separately presented under share of profit from investment in a joint venture. Hotel business recorded a revenue growth of 19% YoY in 3Q17 and 10% YoY in 9M17. During 2016, Phi Phi