strengths for future business growth, i.e. investments in plant and machinery, aiming at higher production efficiency, reduced production cost, quality systems improvement, investments in research and
that of in 2016 and 2015 of 73.5% and 72.7%, respectively. However, the cost structure is quite similar to that of the previous year with high proportion of raw material cost being accounted for 80% of
financial statements shall be subject to audit and opinion to be conducted and offered by an auditor authorized to undertake auditing business in the countries where the investment units are being offered. In
undertake auditing business in the countries where the investment units are being offered. In this regard the management company shall clearly specify detail of such issue in the mutual fund scheme. Clause 18
undertake auditing business in the countries where the investment units are being offered. In this regard the management company shall clearly specify detail of such issue in the mutual fund scheme. Clause 18
market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various representations are being made to
% or THB 171mn from 31 December 2018. The improvement of deficit from six-month net profit was diluted by the impact of currency translation due to THB appreciation against EUR and GBP. To comply with
Babi Mild (+13.6% YoY to THB 985.7 million) and Twelve Plus (+3.0% YoY to THB 507.1 million) sales improvement. We believe both brands will continue to reap out benefit from being more focus (after SKU
bandwidth of 2x60MHz in the industry. Consequently, we have evidently seen an improvement of network quality against peers while brand perception enhanced. That said, we have well added 1mn mobile customers
compared to the previous packaging size of a 330 ml. The new energy drink is not only expanding the customer base to younger generations, being a constructive factor to refresh the brand image of Carabao in