between the Company and PCCA, particularly cross- selling. The financial position of PCCA shows a relatively low rate of liquidity, namely, in 2017, PCCA’s ratio of current assets to current liabilities

revenues from the manufacturing business accounted for only 4.4 - 9.6 percent of the total revenues as a result of a more intense competition, particularly a more variety of imported products with relatively

indicated that in the third quarter of 2019, credit demand from the business sector improved from the previous quarter, due to loan demand from large corporates, particularly for working capital in the

million (or -0.9% YoY), mainly due to a decline in OEM-personal care. However, the confectionery showed strong sales growth, led by Botan and Olé, particularly with new products launches, Olé Boost and Olé

Vietnam. Overall SSSG in hardline segment decreased, primarily due to declines in overall customer spending in Thailand, particularly product in categories like home entertainment, where Power Buy is

confectionery showed strong sales growth, led by Botan and Olé, particularly with new products launches, Olé Boost and Olé Mini Sugar Free. In 2019, the Company’s gross margin improved to 34.9%, +250 bps YoY

Group will focus on improving performance of existing branches in terms of sales and efficiency. Growth will come from opening new franchise branches, in particularly the small-size concepts such as brand

process. However, when considering the gross margin ration of 14.28% at the yearend 2016, the gross margin is increased to 18.24% due to a high margin of a turnkey project recognized particularly during the

, particularly at CentralFestival Phuket, CentralPlaza Chaengwattana, CentralPlaza Pinklao, and CentralFestival Samui. Costs of hotel operations In 3Q17, costs of hotel operations were THB 89 mn, up 6.2% YoY, in

the yearend 2016, the gross margin is increased to 19.88% due to a high margin of turnkey projects recognized particularly during the reporting period.. Cost of Sales for Supply and Maintenance The