property, plant and equipment acquired for the new factory (Phase 3) and for the Efficiency improvement at the subsidiaries. Total Liabilities Total liabilities decreased from Bt7,300 million at the end of

gained from Phase 3 of the new plant that supported volume growth helped lessen the effect of the above on profit margin. The Company was capable to maintain a satisfactory level of profitability that

Ref. FN. 036/2017 Management Discussion and Analysis For operation of the second quarter of year 2017 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

1 Ref. FN. 011/2019 Management Discussion and Analysis For operation of the year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet business, featuring

expense cuts in all areas. Administrative cost increased due to the shutdown of the KCEI plant, which was related to labor compensation payments, factory shutdown expense, and a change of monthly

service came from leased spaces of warehouse/factory in Bangkok Free Trade Zone Project (by Prospect Development Co., Ltd.) increased significantly. Prospect’s revenue increased from THB 17 million per

Company Limited (“the Company”) held on September 22, 2020, it was resolved that the Company enter into a connected transaction of the contract of land lease with factory building at Bangpoo plant and the

Ref. FN. 040/2017 Management Discussion and Analysis For operation of the third quarter of year 2017 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

Ref. FN. 075/2018 Management Discussion and Analysis For operation of the third quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

THB 22.68 million or 27.53%, mainly from additional staff and rental expenses for new branches. However, the Company has measures to control selling expenses, in order to maintain the proportion of