, most of the MK customers did not have obligations with the previous housing loan agreement, this helped reducing the impact from the Bank of Thailand housing loan control measure. In addition, MK

, the curry restaurant, market expansion to new countries, e.g., USA, and selling expenses during the transition of its distributor in China. The company has the distribution costs for the first nine

year, or 34.4% due to the opening of the new club house in February 2018. The new club house was enable the Company to increase its competitive advantage in services of both golf course and restaurant

branches, including 1 new branch opened in Nov 2019. Revenues Classified by Distribution Channels 2019 2018 Increase/(Decrease) Amount % Amount % % Domestic Restaurant and Bakery Business 6,056 82.8 6,184

of 26 million bath comparing to Q2/2016. These were results of declining in modern trade market of 16 million baht and traditional trade of 13 million baht. While HORECA (Hotel, restaurant, catering

domestic restaurants and bakery shops under the brand “S&P”a total of 501 branches decreased by 15.4 percent. For the overseas restaurant business a total of 18 branches, revenues decreased 35.1% which came

follow: Note: The Company has adjusted the sales’ expenses to deduct and show the net amount in sales revenue resulting in a decrease in sales revenue and gross profit. As the for distribution cost, the

decreased from the same period of the previous year in the amount of THB 600 million or decreased of 42.0 percent. Due to the airline shutdown operation and the temporary closure of restaurant and shop stores

Distribution Channels Quarter 2 of 2017 Quarter 2 of 2016 Variation THB % Domestic Restaurant and Bakery Business 1,408.7 1,403.2 5.5 0.4 Food and Bakery Wholesales Business 160.0 182.1 (22.1) (12.1) Overseas

Classified by Distribution Channels Quarter 3 of 2017 Quarter 3 of 2016 Variation THB Domestic Restaurant and Bakery Business 1,615 1,652 (37) Food and Bakery Wholesales Business 231 233 (1) Overseas