as caused by higher employee expenses to support more workloads and more units from business expansion of the Company. Table 6: Administrative Expenses by Type of Expenses the Three Months Period Ended

baht or increased 11.13% when compared to trade and other account receivables as of December 31, 2018. This increment is in accordance to the higher in revenue from sales in quarter 1/2019 when compared

follows; 1) Construction income received in advance (the value of total billed by contract’s milestone payment condition which was higher than revenue recognition of this period) total of 77.47 Million Baht

at that time. As a result, the depreciation and amortization expenses from those investment properties, which represents most of GLAND’s operating cost, is higher under CPN’s book compared to GLAND’s

and Y-o-Y due to the effect of a change in foreign currency exchange rate and an increase in the cost of goods sold. The higher cost of goods sold was due to a decrease in production capacity

to 72% in 2Q18. The improved margin was not only attributed by the increase of fixed income from SW revenue and higher revenue per visit of non-SW category but also from the efficient cost control of

by relying on consumers’ higher purchasing power. Moreover, retail players need to prepare for E-Commerce business which presents high growth lately. (Source : EIC Outlook Q2/2018) Performance Analysis

gross profit margin was mostly from cost management lowering the price of raw material, the main part in cost of sales. In addition, menus of the month launched early this year yielded higher gross profit

increased at the higher rate than the revenue growth. 3 million % Total revenues 453.57 446.69 6.88 1.5 Cost of sales and services (195.12) (193.77) 1.35 0.7 Loss on death of animals (10.04) (1.64) 8.40 512.2

compare with the same period of previous year amount to Baht 0.91 million , increase Baht 0.94 million or 103.62%, because there is an interest income from current investment by higher interest rate and