lower investment in projects and maximize brand value. For example, the Company focuses on franchising businesses to grow the brand both domestically and internationally. This attempt has been reflected
franchising businesses to grow the brand both domestically and internationally. This attempt has been reflected in the entering into the agreement on franchising business model with various strategic partners
Company performance goals. Whereby the operating results of all subsidiaries and affiliates had a net profit, which reflected the clear performance recovery. Details of the operating results of each
been valued by a range of valuation methods including relative valuation as reflected by relevant trading companies, precedent transactions and discounted cash flows. 5. The General Characteristics of
. The 6-month operating result of 2018 reflected the net operating loss of Baht 31.46 million whereas Baht 20.44 million in the same period of 2017 or net profit rate were -51.05 % and -12.37
. Similar trends are reflected in H1 2018 performance where the increased volumes led to an 9% rise in revenue. On the costs SG&A while higher year on year in absolute terms was lower as a percentage of
goods and cost of sold in this current year. The 9-month operating result of 2018 reflected the net operating loss of Baht 102.92 million whereas Baht 35.98 million in the same period of 2017 or -82.23
year (excluded Nguyen Kim decreased by 5.6%). The decrease was primarily due to the impact of TFRS #16 which has adopted since 2020, and reflected a decrease in net rental expenses, an increase of
baht, decreasing by 6,271 million baht, or 30% from the end of fiscal year 2019, reflected the first time adoption of ECL model, hedge accounting and leases standard (TFRS 16) resulting in a net decrease