from relocating some product from the old production line to the new one; 4) higher excise tax as well as sugar tax following the Excise Act, B.E. 2560, effective since 16 September 2017; 5) higher R&D
economic slowdown resulting in declining export and plunging tourists’ spending especially Chinese tourists. The instability in Thailand politic and election in March 2019 slowed public investment. High
higher yield loss; and cost from relocating some product from the old production line to the new one in Q1/2018. Q3/2018 Gross Profit The Company and its subsidiaries recorded gross profit of Baht 249
together with personal that are capable and highly skilled. There are risks, from relocating to new location, of both management, construction, requesting license that cost and time consume. Moreover, there
from relocating some product from the old production line to the new one in Q1/2018; as well as a non-cash one-time expense of setting higher allowance for inventories declining value resulted from the
Education Business was THB 78 million, a decrease of 4.9% yoy, mainly from - a decrease of THB 8 million on profit sharing from Le Cordon Bleu Dusit due to additional expense in relocating to the new location
, driving higher yield loss; and cost from relocating some product from the old production line to the new one. However, production cost of the new machine has been gradually improving every month. Q2/2018
was THB 118 million, a decrease of 3.3% yoy, mainly from a decrease in revenue sharing from Le Cordon Bleu Dusit due to additional expense in relocating to the new location as well as for business
help offset declining tourists from China. Amidst political instability and the expected Presidential and Parliamentary election in 2018 and 2019 respectively, the Company is confident in its ability to