year business performance, FKRMM has profit from motorcycle tire and tube distribution about 40,000,000 – 50,000,000 THB per year which show that FKRMM is consistently profitable. Remarks: Although most

Malaysia with 4 distribution warehouses. Therefore, after NDR has consolidated financial statement with FKRMM, NDR’s profit will immediately increase. In addition, NDR has the potential to expand the

– Based on the past 3 year business performance, FKRMM has profit from motorcycle tire and tube distribution about 40,000,000 – 50,000,000 THB per year which show that FKRMM is consistently profitable

1,111.63 1,294.32 1,454.45 Sales Expanses (1,021.30) (1,121.42) (1,262.34) Gross Profit 90.33 172.90 192.11 Other Income 4.48 1.78 4.66 Profit before Expenses 94.81 174.68 196.77 Selling Expense (18.34

Statement of comprehensive income 31 Dec 14 31 Dec 15 31 Dec 16 Income From Sales 1,111.63 1,294.32 1,454.45 Sales Expanses (1,021.30) (1,121.42) (1,262.34) Gross Profit 90.33 172.90 192.11 Other Income 4.48

financial statement with FKRMM, NDR’s profit will implicitly increase because since the year 2014 to 2016, FKRMM has continued operating profit of 66.23, 61.12 and 54.58 million baht respectively (refer to

% Revenue from service incomes 0.49 0.42% 0.51 0.44% 0.02 3.86% Revenue from rental incomes 0.70 0.60% 0.63 0.54% (0.07) -10.66% Total revenues 116.70 100.00% 115.48 100.00% (1.22) -1.05% Gross Profit

. Working Paper: Does free float affect shareholder wealth? New evidence from the Stock Exchange of Thailand 9 • Return on equity (ROE) is the ratio of net profit and total equity. • Return on asset (ROA) is

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2019 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2019 Year 2018 Year 2017 1

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018