million and Baht 250 million, respectively or 70% and 54% decrease compared to the same period of 2018. This expense varied with the operating results (excluding share of profit from investments in

(excluding the sponsorship fees for international footballs) were THB 378 million, a decrease of THB 5 million or 1.3%, of which largely varied to the promotional activities in domestic business under the

brand internationally. (2) Selling expenses (excluding the sponsorship fees for international footballs) were THB 400 million, an increase of THB 71 million or 21.4%, of which largely varied to the

maturity date (puttable option). Interest rates shall be fixed and clearly specified. There shall be no clauses of paying interest rates varied according to other reference factors (as specified in clause 13

-controlled firms. The varied difinitions of family-controlled firms and thus the comparability and accuracy of data was another concern. The group decided not to endorse the draft paper and to orient the

(decreasing) function of price- earnings multiples (Collins and Kothari, 1989). Book value of equity is included as suggested by Ohlson’s (1995) model. Year fixed effects and the interaction variables between

exclusion of the international football sponsorships under CBD for domestic business were THB 1,390 million, increased by THB 31 million or 2.3% mainly varied in according to promotional activities in the

In 9M/2017, overseas sales delivered stable gross profits margin at 33.5% from the corresponding period last year because gross profit margin from overseas sales are varied in correspondence to the

to Q3–2019 and Q4–2018. In term of cost of Sales and Services of the Q4 – 2019 varied in line with the revenue. However, the increased rate of the cost of Sales and Service was less than the increased

period ending 31 March 2018 could be divided in to two key components as follows: 1. Variable cost component which shall be varied in accordance with the volume sold consist of (1) raw materials and