more on A&P to support new product launch and relunches in both beverages and personal care. Lastly, Our R&D spending increase by 44% YoY to THB 54 million in 2018. In 2018, the Company booked THB 158
bps YoY). Thus, net profit margin attributable to owners of the parent improved from 12.4% to 12.7% in 2019 thanks to cost saving program, which helped offsetting the increase in SG&A spending. In 2019
attributable to owners of the parent improved from 13.1% to 13.2% in Q3’19 and from 12.3% to 12.8% in 9M’19 thanks to cost saving program, which helped offsetting the increase in SG&A spending. Q3’19 cash cycle
, decreasing 6.9% YoY but increasing 12% QoQ, mainly from the movement in handset campaigns and higher advertising spending to increase customer awareness in the quarter. Marketing expenses to total revenue was
offsetting the increase in SG&A spending. Q2’19 cash cycle of 31 days, compared with 38 days in Q2’18, came from lower number of days of inventory. High current ratio was at 2.1 times, as the Company had a
reallocated between device sales and service revenue weighted by fair market values of the handset price and full-contract price plan. As a result, device sales would increase, and service revenue would
beginning stage launching new products into the market which requires high spending. However, the increase in costs is mainly due to investments to build the foundation for future business growth, while some
around 4.1% in 2018 from previous valuation of 3.9%, due to better performance in the exports and tourism, the increase in private spending and the government scheme to boost spending from low-income
) and service sector from tourism related. Non-durable and semi-durable goods also showing signs of recovery supported by the increase in farm incomes. Meanwhile, private investment also started to
the construction segment while solid expansions still continue for investments in machinery and equipment segment especially for export related industries. Public spending also continued to increase