estate market is explored in order to diversify business risk and boost recurring income. Apart from developing residential condominiums, the Company also provides real estate services and property
. Management Discussion and Analysis (MD&A) for 2019 Page 5/5 Looking Forward In 2019, the Company was able to generate revenue from business expansion quite well, which could be achieved according to the target
caused oversupply in table glassware market. The Company continued developing new product designs to serve customer needs. In 2017, Ocean and Ocean Professional Brands, launched new series of glass
margin decreased from the previous year mainly due to a decrease in gross profit from services and development business from additional related costs in developing renewable energy business overseas in
the sales of products. Therefore, the Corporate Group has established policy on market expansion and domestic channel development to achieve the most efficiency, as well as production cost management
mainly from the increase in revenue from dessert café, which was attributed to the expansion of 7 new stores from Q3/2018 and a rise in Same-Store-Sale-Growth (SSSG). Gross Profit and Gross Profit Margin
, respectively to facilitate the expansion of VH management services in Thailand 14 May 2018: VI acquired shares in Vienna House Asia Limited, a JV company between VI and Absolute Hotel Services Hong Kong with a
aforementioned capital increase last quarter SIGNIFICANT EVENTS 10 May 2018: Creating a foundation for Vienna House Expansion in Thailand. Vienna International Hotelmanagement AG (Vienna House) acquired shares in
tourism as a result of travel bans together with weak domestic consumption that has started since the last quarter of 2019 has led After You to slowdown major branch expansion and concentrate more on
Significant Event Focus on Developing and Expanding Luggaw and Mikka café The Company plans to open an additional 5 “Luggaw” branches during 2H/2024. In Q2/2024, the Company expanded 4 new Luggaw café, located