first major period of generational succession. • Succession versus professionalization. - Surveys suggest preference amongst Asian family-firms for succession but growing recognition of need for
satisfactory, the company has set a target to expand at least 100 branches by 2021 in order to meet the rising demand and foster brand recognition. The Company will emphasize on expanding the branches in areas
margin in 9M/2021 was 2.1%, decreased from net profit margin of 6.7% in 9M/2020 mainly due to the decrease in revenue from sales when compared to the same period last year as well as the recognition of net
Solutions grew by THB 35.31 million or 13.43% from the recognition of license income and implementation fee from projects in Thailand and Malaysia, as well as, organic growth in recurring outsourcing income
management, compliance, and internal audit based on the principles of the Three Lines of Defense to ensure the effectiveness of securities company oversight and to further promote recognition of the
sales approx. 57%:43%) • Sales of beverages and desserts across 11 Company-owned outlets under “Mikka” brand • Finished or intermediate products, which can be categorized as follows: • Online sales and
economy growth in 2019, the slowdown of Government’s energy Saving programs promoting the replacement of conventional lamps to LED and the delays of sales revenue recognition resulting from product
delivery services (portion of In-store sales : Take home product sales approx. 65%:35%) • Sales of beverages and desserts across 11 company-owned outlets under “Mikka” brand • Finished or intermediate
decrease in revenue from sales while overall expenses increased. • Net profit margin in 1H/2021 decreased by 1.4% from 1H/2020 mainly due to the decrease in revenue from sales and the recognition of net loss
presenters and should not be treated as those of the SEC Thailand. • These slides are not to be posted (on any websites or public domains), cited, copied or circulated. 2 Revenue recognition 3 Revenue