decreased year-on-year, attributable to improved efficiency as well as on-going cost reduction and cost control. Hence, gross profit margin improved from 7.0% of sales in Q1 2016 to 7.7% of sales in Q1 2017
Company has implemented the measures to manage the risk from sales reduction by controlled and reduced the production cost including raw material, manpower and expenses, as well as reviewed the budget
features, as well as the control of rights to the computer center. In the case of data retained on the Cloud, the SEC Office has engaged a cloud provider with acceptable standards. In addition, the SEC
Control, which is important measures that the company has taken immediately. As well as reducing the cost of utilities employee-related expenses and marketing expenses. This resulted in a significant
year. This was due to the administrative expenses related to the bad debt reserve of personal loans decreased as well as control costs to be appropriate for the size of the subsidiary's business, causing
employment due to the branch expansion, as well as the increase of the rents of the existing branches and new branches, despite that the Company had better capacity in manufacturing cost control comparing to
received from the transfer of business to the joint venture entity company as well as the better performance of the Company throughout 2017 year. Please be informed and the Financial Statements is attached
to The Company 48.29 43.84 10% 224.70 109.75 105% * Non-cash items included depreciation as well as accounting adjustment (ie provision of staff benefit and SW income) Page 2 of 4 outside checkup
33.00% which is a result from the better monitoring system to control the expenses, The company still focuses on expanding the flexible packaging market. 4. Administrative expenses For Quarter1 of the
51.83%, up from 34.56% in the previous corresponding period on the back of a considerable increase in sales and effective control of cost of sales as well as a decline in administrative expenses to total