of 33.5% year on year, reflecting intense competition in the industry. As Bake Cheese Tart (Thailand) Company Limited runs under franchise business, which has rigid restrictions from the franchisor in

last year’s which was lower than sales increasing rate reflecting from the upward gross profit margin of Q1/2020. The gross profit in Q1/2020 was increased from Baht 70.8 million to be Baht 79.3 million

million from Baht 882.5 million of Q3/2019 to be Baht 786.1 million in Q3/2020 or 10.92% decreased from last year’s which was higher than sales dropping rate reflecting from the upward gross profit margin

was lower than sales growth rate reflecting from the higher gross profit margin. The gross profit in Q3/2019 was increased from Baht 60.4 million to be Baht 72.3 million or equivalent to 19.71

the members without netting positions of members against other clients or different clients against one another (gross margining); (3) use of the margin model and parameter reflecting the risks and

reflecting more cautious lending practices to align with the current economic conditions. Moreover, the Company has expanded its service channels through the online platform, which is more convenient for

customers. In addition government policies aim to promote ‘Thailand, a hub of wellness and medical services’ over a ten-year time frame from 2016-2025 reflecting all hospitals to prepare resource to support

customers. In addition government policies aim to promote „Thailand, a hub of wellness and medical services‟ over a ten-year time frame from 2016-2025 reflecting all hospitals to prepare resource to support

other debtors in the amount of THB 96. 0 million, which is mostly a decrease of the trade debtors of other companies reflecting a better debt collection efficiency. The Company’s total debt is THB 1,128

household consumption index continued to expand but the recovery in consumption of low-income households remained subdued, reflecting growth in limited sections. Moreover, growth in tourism industry failed to