administration expenses comparing to the same period of the previous year in the amount of THB 88 million (equivalent to 3.0 percent). A main reason was the increase of the staff cost resulting from the increase
Profit / Cost of Sales Analysis and Sales and Administration Analysis Gross Profit increased by THB 339 million with the gross margin being 15% in 2017 up 1 percentage point from 14% in 2016, due to higher
marketing expenses. As a percent of total revenue, selling expenses remained stable at 3.4% during both 2017 and 2018. Administrative Expenses Administration costs increased from THB 423.5 Mn in 2017 to THB
% in the three months ending 31 March 2018 to 2.9% in the same period of 2019. Administrative Expenses For the three months ending 31 March 2018 and 2019, administration costs increased from THB 112.8 Mn
supporting the expansion of the Company’s core business, as well as investing in various projects; and the amendment of Clause 4 of the Memorandum of Association to be in line with the capital increase. The
Administration (CFDA) at the beginning of 2 0 1 8 as the Company had to redesign its packaging to comply with the requirements of the license. Furthermore, the Company also found it necessary to adjust its sales
commercially launched in September 2019, an increase in financial cost pressured by incremental debt financing to support business expansion which THB 5,357.8m loan facility to the acquisition of Outriggers was
(Public Management), Suan Dusit University Master of Political Science (Public Administration), Thammasat University Master of Business Administration (Finance), College of Notre Dame, USA Bachelor of
Development Administration (NIDA) Board Member of Monitoring and Evaluation of the President- Suratthani Rajabhat University Experiences Assistant President for Quality Assurance, National Institute of
expansion. In total, the Group opened a total of 100 new branches, divided into 71 equity branches owned by the Group and 29 franchise branches both domestic and international. Most new branches were under