apart from normal inflation fuel prices have increased and this increase will last into the end of the year and into early 2019. On the positive side optimization in plant layouts is expected to result in

than the peak in Q1 2018 therefore easing somewhat the 2019 cost pressure. The optimization in plant layouts, internal logistics and peak electricity consumption has resulted in cost savings that have

characteristically sensitive to the cyclical patterns of Thailand’s advertising environment, we expect our new foundation for growth to make us more competitive and resilient. VGI got off a good start to the new

training to develop the skills of their employees. (2) Consumers will change the value and nature of their consumption patterns. Normally, people consume less as they get older but products and services that