environment of both the public and private sector remained weak, and private consumption, albeit growing steadily, slowed during the second half of the year. Meanwhile, the Thai economy in 2020 is expected to
subsidiary. Another reason is the increasing revenue of the Air-conditioning and sanitary products division. The segment of revenues from sales and services by business. (Unit: Million Baht) Q3/2017 Q3/2016
product division which included product research, legal & marketing, and marketing activations at the PGA tour event to launch CBG DEAN & DELUCA Performance Bar. CBG sales anticipated to show first results
business, the total SG&A costs were 1,221.6 Million Baht, an increase of 49% versus prior year. The increase is attributed to development costs of Consumer Brands Group product division which included
contraction of the Thai economy. The economic growth inclined to be slower than forecasted which was mainly due to the trade tensions and the weakening of economy worldwide. Particularly, the export sector has
to grow slower than forecasted. It was mainly due to the weakening export sector which attributed to the declining demand worldwide, resulting in the stagnant economic growth in several major trading
base by capturing the younger generation. The Company continues to focus on optimizing the profitability of each product segment, such as increasing sales mix of direct sourcing, product assortment
been mainly driven by improvements in tourism and industries related to the export sector. In contrast, provinces that rely on agriculture have not yet seen a clear pick-up, despite higher agricultural
effectiveness of pandemic control and vaccine development, the economic damage may be worse than what was seen during the 1997 financial crisis. Given volatility in the financial market and real sector which had