return and suitable for the industry, while 3rd party product for distribution amount to THB 234 million, up by THB 29 million or 14% due to greater variety of products. The Group modernize the “Carabao

Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Revenues

with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Business categories Operated by For the three-month period ended 30

business can be divided into 2 categories including (1) television program production and distribution and (2) creative and marketing management communication services. In 2017, the Group generated revenues

Gross profit 94,309 91,490 83,320 10,989 13.2 Other income 2,454 2,858 1,453 1,001 68.9 Profit before expenses 96,763 94,348 84,773 11,990 14.1 Selling and distribution expenses 25,061 22,708 23,815 1,246

warehouses, distribution centers and factories was THB 1,001.3 mm, which decreased by 9.2% mm from the same period of previous year. However, if excluding the impact from WHABT, the normalized rental revenue

the management to cost of distribution and administrative expenses decreased from the change of strategy of the distribution channels in order to decrease cost and expenses from the past that the

project financing requests that could have adverse impacts on the environment and society.  Business units are responsible for continuous and active management of all relevant risk exposure to be in line

for sales staff, traveling and vehicle expense for sales staff, cost of advertisement media for product promotion, compensation paid to Zuellig Pharma Ltd. under the Distribution Agreement and

expense for sales staff, cost of advertisement media for product promotion, compensation paid to Zuellig Pharma Ltd. under the Distribution Agreement and compensation for distribution of the Company’s