ratio to sales of 16.5%, an increase from the ratio of 6.7%, mainly due to the increase in sales and overall gross profit margin and the decline in selling and admin expenses as a results of strict
the long term. Even though our sales decreased from the previous year and the Company still recognized loss, due to our efforts in strict costs and expenses controls and reductions, the operations
expansion into business factoring loans, the Company has continuously grown in term of factoring loan. The credit approval is increasing and no non-performing loans due to the strict criteria of customer
performance recovery by strict cost control and cost reduction management, ramping up asset utilization to manage fixed costs, stop additional investments, and most importantly focus on cash management to
million 6. Forward Looking In 2019 the Company and its subsidiaries will continue to focus on the performance recovery by strict cost control and cost reduction management, ramping up asset utilization to
major customer in the future. Then, the Company had entered the agreement with those entity by set up the strict payment conditions. At the present, 10% of the program right fee has been collected and the
enforcement of strict measures, for instance, operational lock-down, state quarantines and travel restrictions in Thailand, Malaysia and Indonesia. Consequently, most of business activities were temporarily
project comprises of Shopping Mall and other mixed-use development under the concept of ‘The Shining Gem of EEC Plus 2’ with targeted opening in 2022. Moreover, CPN seeks for long-term growth opportunities
performance recovery by strict cost control and cost reduction and ramping up asset utilization to manage fixed costs. In Q3/2019, we have recognized apparent expenses decrease. This contribution leveraged our