increase in short-term borrowings to fund the shares acquisition of GLAND and the consolidation of GLAND’s interest-bearing debt, which has a higher average cost of debt than CPN’s interest-bearing debt. As
the 50.43% shares acquisition of GLAND on September 12, 2018, and the consolidation of GLAND’s interest-bearing debt. As a result, the weighted average financing cost in 3Q18 rose to 3.27% compared to
For 2018, the Company will still focus on achieving improved Profit Margin; namely: management of room rates for the Hotels Business, while negotiations and signing of purchase agreements for key raw
focus was on consolidation of branches with relatively low traffic to enhance service efficiency and maximize our sales and service quality in alignment with changing consumer behavior, as evidenced by
financial information of the components and the consolidation process in such a way that would not be necessary had there be no component auditors. The following findings identify areas where performance of
the 1st Quarter 2018. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from several
raw material and packaging items, as well as improving efficiency from modern production technology ranging from glass bottle, aluminum can to bottling and canning plants which enabled the economies of
progress and 48.48 percent are raw materials. The Corporate Group conducts inventory inspection every month and has employed accounting policy for setting provision for deteriorated inventory based on
domestic spending o Branded domestic sales of canned fruit dropped by over 40% since the crop of the Company’s major agricultural raw materials such as rambutan, longan and lychee were declining last year