profit margin for the year 2019 was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation
to 4.74% in 2019. The increase of gross profit margin was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of
business; an increased credit with finance institutions to facilitate the company’s expansion; together with the company’s setup of allowance for doubtful accounts and loss from investments that increased
, harmonized packaging specification, and reduced bottle weight. - Osotspa maintained its strong leadership position in both energy drinks and functional drinks markets and played a major role as a market growth
marketing strategy, OSP market share was maintained at 53.5%, aligned with our mid-term guidance. In Functional drinks market, C-Vitt, now a No.1 brand, strongly drove the market to grow by 19.3% YoY. At the
of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to previous year. 3. Selling and Administrative
in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to
production line of flexible packaging and the machine setup process is not complete and new employee lack of expert skill and the use of raw material is inefficient, cause a high production cost. 3. Selling
33.7 Mn in 2017, an increase of THB 25.0 Mn or 287.4%. This increase was mainly due to (1) the increase in construction fees collected from franchisees during the setup phase and (2) increased in rebate
was mainly due to (1) the increase in net construction fees collected from franchisees during the setup phase which itself was related to the opening of new franchise branches and (2) increased rebate