in general, thus the Company can focus and increase the proportion of production and distribution of Gravure sack packaging. In which the customer group is at the top level It is a product with added

save both direct and indirect costs. Thus, the Company can focus and increase the proportion of production and distribution of Gravure sack packaging. In which the customer group is at the top level It

354,032 38,198 44.12 Selling and distribution expenses 104,588 106,427 (1,839) (1.7) 95,785 93,788 1,997 2.1 Administrative expenses 180,753 174,720 6,033 3.5 131,619 123,826 7,793 6.3 Loss on impairment of

354,032 38,198 10.8 Selling and distribution expenses 104,588 106,427 (1,839) (1.7) 95,785 93,788 1,997 2.1 Administrative expenses 180,753 174,720 6,033 3.5 131,619 123,826 7,793 6.3 Loss on impairment of

including other market. For instance, the Hong Kong market has expand the sales distribution, the Indonesia market has placed their product through the modern trade channel including the CLMV countries

distribution at Wood Veneer mill. For small sizes and scraps of wood, they will further be raw material in production of MDF Board and Particleboard for the company and the subsidiaries. The company has reviewed

year, the net profit of the Corporate Group increased by 1.56 percent. This was due to expansion of distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled

of capital market products or [ii] the decision for investment on behalf of the client (front running); (2) using investment analysis data, prepared by itself or received for distribution, in favor of

and installation of the pipeline 239.05 248.60 (3.84) Income from water production and distribution 31.25 24.31 28.55 Income from installation and distribution of water production systems 3.40 25.03

) (70.9 %) 2.7 % Gross Margin 364.5 28.0 % 374.4 29.1 % (2.6 %) Distribution Costs (197.2) (15.1 %) (148.8) (11.6 %) 32.5 % Administrative Expenses (63.2) (4.9 %) (57.9) (4.5 %) 9.0 % Profit before Income