increase from 2006 in response to capital demand of the private sector and large-scale infrastructure investments. Also setting the tone for the 2007 debt securities market are the regulatory amendments

position stemming from such activities, except where there is market limitation of risk hedging, or for the purpose of appropriate cost management in risk hedging during certain periods, with monitoring

not to retain foreign currency position stemming from such activities, except where there is market limitation of risk hedging, or for the purpose of appropriate cost management in risk hedging during

efficiency of the new stores launched in the year 2017 to benefit from economies of scale. In the first quarter 2018, the Company had total revenue of 15,900.33 million Baht, an increase of 627.77 million Baht

franchise fees (3) increased efficiency in support functions due to economy of scale that resulted in staff expense increasing slower than the company revenue growth. Zen Corporation Group Public Company

economy of scale that resulted in staff expense increasing slower than the company revenue growth. Analysis of Financial Position Assets As of 31 December 2017, and 30 September 2018, the Group had total

2018 gross profit margin was mainly driven by the adoption of economies of scale and efficient control of production cost. 2. Selling expenses In year 2018, the Company incurred selling expenses of Baht

8.30 percent to 17.88 percent. The increased gross profit rate from trading business of telecommunication towers , which resulted in economies of scale lead to lower costs. 3. Sales and administration

การเพิม่ขึน้ของยอดขาย อนัเป็นผลสว่นใหญ่มาจากราคาวตัถุดบิ และ การใชก้ าลงัการผลติในกลุ่มผลติภณัฑบ์รรจุภณัฑพ์ลาสตกิทีล่ดลงต ่ากว่าก าลงัการผลติขนาด ประหยดั (Economy of Scale) 3. คา่ใชจ้่ายในการขายและบร

same period of previous year mainly because the significant growth in revenue. The Company had lower proportion of cost due to economy of scale by producing in larger quantities, and the more skill