of 31% YoY. Selling expenses to sales reduced to 9% from 12% in Q1/2019 due to efficiency selling expense cut and control. 47% 46% 44% 37% 43% 53% 54% 56% 63% 57% 25% 30% 35% 40% 45% 50% 55% 60% Q1/19

Company managed to effectively control finance expense by repayment of short-term borrowings which had high interest costs such as factoring and promissory notes. Baht Million 2017 2018

the fact that the Company managed to effectively control finance expense by repayment of short-term borrowings which had high interest costs such as factoring and promissory notes. Baht Million 9M/60 9M

the Company managed to effectively control finance expense by repayment of short-term borrowings which had high interest costs such as factoring and promissory notes. - Translation - JKN GLOBAL MEDIA

strictly cost control. In addition, some expenses were recorded as finance costs due to the adoption of TFRS No.9 Financial Instrument and TFRS No. 16 Leases since 2020. 6. Administrative expense was THB

. Furthermore, the consumers’ household debt remained in high level, thus they must control their expense by spending money with save and paid for essential stuffs. 1.4. Performance versus Budget In previous year

cross-sectional and temporal dependence between observations (Petersen, 2009). Fourth, I control for firm life-cycle effect by including firm age as a proxy for business cycle in the models so that it

increased from the previous year by 0.50 million Baht or 21.05%. The increase is due to the company has better control over cost of service as well as administrative expense. And the company has started to

Distribution Expense 43.96 50.47 Administrative Expense 59.52 60.31 Finance Costs 20.08 27.51 Net Profit 161.28 (12.84) Earnings per share (Baht) 0.403 (0.032) The comparison between Third Quarter of 2020 and

1,820.49 Distribution Expense 63.21 50.30 Administrative Expense 59.70 73.65 Finance Costs 21.95 24.29 Net Profit 271.25 32.34 Earnings per share (Baht) 0.679 0.081 The comparison between Second Quarter of