from 26.01% in previous year to 26.83% due to change in product sales mix of both general merchandise and directly sourced private-label goods, product assortment planning and increasing in gross profit

same period last year by 1.51 Million Baht or 46.61%. The primary cause is the cost of merchandise display and costs in the booth, according to various event to make the Day Break Brand’s shoes & bags

% Revenue from Retail Merchandise 6.9 0.9% 13.7 4.4% 98.6% Total Revenue from Sales of Food and Beverages 739.4 100.0% 314.0 100.0% -57.5% Revenues 1st Half % Change 2019 2020 THB Mn % (1) THB Mn % (1

million and in payment for additional capital of the associate for Baht 1,365 million. • Net cash used in financing activities of Baht 2,379 million resulting from the loan repayment according to the long

additional capital of the associate for Baht 902 million. The company had net cash used in financing activities of Baht 1,594 million resulting from the loan repayment according to the long-term loan

levels of air pollution and the long hot season. However, there was a slowdown in sales during the second half of 2019 as a result of the negative economic factors discussed above. Nonetheless , the

in capital expenditure. However, external demand softened as the value of merchandise exports grew at a slower pace. (Source: BOT Press Release No.3/2020 on the Economic and Monetary Conditions for

profit margin as a percentage of sales has increased from 25.51% in previous year to 26.45% due to change in product sales mix of both general merchandise and directly sourced private-label goods, product

margin as a percentage of sales has increased from 25.89% in previous year to 26.17% due to change in product sales mix of general merchandise and the enhancement of directly sourced private-label goods

MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade