remuneration, tax penalty, and accounts receivable previously recorded as stock under consignment in 2011 and subsequently re-arranged to sale transactions in 2012. The SEC, therefore, has instructed TUCC to

100 arcona Bach 14 GmbH Germany EUR 25,000 100 arcona Living GmbH Germany EUR 25,000 100 arcona 15. Hotelbetriebsgesellschaft mbH Germany EUR 25,000 100 arcona 12. Hotelbetriebsgesellschaft mbH Germany

arcona Hotel Sonne GmbH เยอรมนี 25,000 ยโูร 100 arcona Hotel Thüringer Hof GmbH เยอรมนี 25,000 ยโูร 100 arcona Bach 14 GmbH เยอรมนี 25,000 ยโูร 100 arcona Living GmbH เยอรมนี 25,000 ยโูร 100 arcona 15

of 2018. The main reasons were:  Revenues from circulation increased 7.34% with circulation revenues of comic books and children books increasing 0.92%. In addition, pocket books and consignment

circulation revenues of comic books and children books increasing 0.37%. In addition, pocket books and consignment products increased 10.35%. • Revenues from rendering of services decreased 68.82% due to less

effect in 2017 that represented a reduction of about 2% on average and a fire incident on June 18 that caused a backlog of order valued more than USD 2 million by the quarter end. However, consignment

that took effect in 2017 that represented a reduction of about 2% on average. However, consignment sales were almost fully realized in the current period. The Q-o-Q decrease in revenue was primarily due

addition, some shipments were not recognized as sales revenue in the second quarter in accordance with relevant incoterms, and partly due to consignment stock: consignment fill-up totaled Bt813 million

unrealized consignment sales (Table 3, unrealized revenue amounted to USD3 million, or Bt109 million in 2Q18). Cost of Sales and Gross Profit The profit margin in 2Q18 widened Q-o-Q to 27.84% but narrowed Y-o

11% Y-o-Y (Table 4), due partly to the WLTP issue, which resulted in lower orders from automotive suppliers, as most suppliers shifted their priority to stock management. In 1Q19, consignment stock