by 10.6 Million Baht or 11.2% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Kitchen Plus restaurant: Revenue amounts to 20.2 Million Baht, increased

Million Baht, decreased by 22.4 Million Baht or 15.8% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Kitchen Plus restaurant: Revenue amounts to 28.8

restaurant: Revenue amounts to 151.2 Million Baht, decreased by 41.0 Million Baht or 21.3% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Furthermore, company

unprofitable business. Year 2020, our groups has encountered spread of coronavirus disease 2019 which causing slowdown in economic as effecting most businesses and industries. Management has changed their

& DeLuca business by the end of 2019 as it is undergoing a “rightsize” strategy through cost control and merging of chain operations to minimise losses from unprofitable branches Selling and administrative

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...