Earnings Management • Earnings management includes both legitimate and less legitimate decisions by manager to change accounting policies or real actions in order to smooth earnings or achieve some specific

increase in profits for the second quarter and the first six-month period of 2018 compared to the same periods of the previous year, as follows: The second quarter of 2018 Vs 2017 1. Revenue 1.1 Brokerage

baht compare with performance for same period of the prior year appear as comprehensive operating income 2.90 million baht, increase in net income from same period of the prior year 0.71 million baht or

of previous year by 3.82 percent. As for the 9-month period, the revenue from sales and services totaled Baht 3,362.29 million, an increase from the same period of previous year by 5.28 percent and the

with the same period of previous year with amount of 350.59 million baht which increase by 38.79 million baht or 11.06%, which resulted from the company had increase the revenue from flexible packaging

was an increase of THB 333.3 Mn or 15.3% and was mainly due to the increased in revenue from sales and service. The reasons for the increase was mainly due to (1) the opening of new branches, (2) the

income The company had revenue from sale for Q3/2017 ended September 30, 2017 of Baht 92.19 million, compare with the same period of previous year amount to Baht 70.65 million which increase Baht 21.54

million baht compare with performance of the same period of the prior year appear as comprehensive net income 1.29 million baht, increase in net loss from the same period of the prior year 16.63 million

441.89 million increased from the same period of year 2016 by Baht 59.68 million or 15.61 percent. The major reasons of the increase in revenues from sales were due to the effective sales and marketing

Company THB 122.62 million compare with performance for the prior year appear as comprehensive operating net Profit of the Company THB 0.79 million, increase in Profit from the prior year THB 121.83 million