2019 showed a net loss of 17.9 million baht, which was higher than the second quarter in 2018 at 24.0 percent. The Company’s performance for the six-month period for 2019 showed a net loss of 17.5

these housing units were well fit with customers’ demand. As a result, sale and transfer units were higher than MK’s projection. In addition, the Company was able to complete sell of all units in some of

881 Website: www.aapico.com Management Discussion and Analysis for the 3rd quarter of year 2018 2 Total revenue grew by 3.1% compared to last year, driven by higher sales from both automotive parts and

from the acquisition of LQSF in Vietnam as well as consulting fees from other investment projects; 2) lower sales contribution of export pressuring net profit margin; 3) higher depreciation resulted from

sector the Thai economy continues to outperform with Q2 growth at 4.6% slightly below Q1 but remaining strong. Private consumption growth was robust in July and August, supported by higher consumer

up and improve the strategy in order to gain higher sales volume throughout the year, resulting in higher sales volume from Q2 onward. The outcome of strategy improvement and cost control made NCL

were higher than historical norms, caused a hike in sales of cooling items such as air conditioners and fans. The company also undertook various promotional activities, as well as organizing the HomePro

year. Selling expense increased in line with higher sales volumes. Administrative expense increased mainly because of higher staff costs due to a higher headcount and annual salary increases. In addition

was mainly due to (1) reversal of provisioning for decommissioning costs and (2) higher membership revenue. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250

and (2) higher membership revenue. Cost of Sales and Services For the 9 months ending 30 September 2017 and 2018, the cost of sales and service increased from THB 1,368.5 Mn to THB 1,659.9 Mn