result, gross margin improved from 28% in 9M16 to 30% yoy and from 30% in 3Q16 to 33% yoy. This improvement was not only contributed by the increase of bill amount and social security payment rate but also

property, plant and equipment acquired for the new factory (Phase 3) and for the Efficiency improvement at the subsidiaries. Total Liabilities Total liabilities decreased from Bt7,300 million at the end of

% yoy and improved to 30% in 4Q17 from 25% yoy. This improvement was not only contributed by the increase of bill amount of non-social security patient and social security payment rate but also by more

use of raw materials and increase product quality. In addition, prepare marketing and sale plan to expand customer base of flexible packaging and plastic sack. Including the improvement of after sale

debt collection service increased at 19.11% compared to the year 2017 because the employees has more experience in debt collection business which resulting in the improvement of the revenue as well as

three-month period ended 31 March 2019 decreased by 1.2 million or 7.4% from the same period in 2018 due to the improvement in cost management. Besides, the Company has consistently improved expenses

activities has been arranged with sales plan improvement and promotion efficiency spending and emphasizing FN brand awareness and increasing FN brand equity. 3. Selling and administrative expenses Selling and

profit and more leverages. In addition, the improvement of return on equity was partly from the decrease of shareholders’ equity as mentioned above. For the financial risk perspective, despite the higher

the first six- month of last year due to the improvement in cost management and the decreasing in employee expenses. Besides, the Company has consistently improved expenses’efficiency. 9. Litigation In

year 131.9 million Baht or increased by 63% This was because the Company’s cash collection improvement. In the first quarter of 2018, the cash collection was 514.0 million Baht which increased from the