. Furthermore, the country’s economic grew considerably low in 2019. Therefore, majority of the Company income from real estate business in 2019 came from the condominium ready to move in. Cost of sales and Gross
and Din’s, both of which received favorable responses from consumers. However, over the course of 2019, the economic situation and consumer confidence continuously worsened and this negatively impacted
impact by the continued global economic downturn therefore overall reduced consumption in all as compared to previous year. 2. Cost of sales For the second quarter of year 2017, the Company’s cost of sales
Japanese restaurant maintained sales volume of food center during difficult economic condition. The segment declined only 2.5% to 89 million baht in Q2/2017. 2.2 Gross profit by segment Unit: million baht
comparing to the same period of the previous year. Mainly due to the higher sales from the economic recovery and the good gross margin remained of the metal products, especially the automotive exhaust pipes
LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 2 2. Economic Situation The Thai economic activity in the third quarter of 2 0 1 7 continued to expand. Export–oriented manufacturing businesses
other export market. ○ Moreover, sales of domestic market also reduced comprising rate volume decline modern- trade, and traditional trade. ○ Restaurant and food service business were effected by economic
revenue from space rental since 1 July 2016. Nevertheless, revenue from advertising space rental was 1.17 MB decreased by 6.97 MB or 85.6% y- o-y due to economic slowdown in advertising industry. Revenue
revenue from food business of Baht 6,552 million, mainly due to sluggish economic which affect consumer’s spending and closing of non- performing restaurant branches. Cost of sales Total cost of sales of
over wholesale sales to cautiously control the overall sales credit in this channel. As a result, sales for the current period decreased slightly by 5.4%. Despite the gradual economic growth and the