compared to the owners when the cash will flow from some potential investment to the creditors. • Resulting in .. ↙ Firms abandon/ reject a positive NPV project. ↙ “AN UNDERINVESTMENT PROCESS” . ↙ “Debt

company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative

in Malaysia. Cost of sales and services increased by only 1.2 percent while sales have increased by over 3 percent. As a result, gross profit margin as percentage of sales continuously improved, from

increases by 5% every 5 years since May 2015), full quarter consolidation of COMASS by MACO. Cost-to-sales ratio, however, decreased from 42.8% to 39.4% primarily as a result of higher sales, improved

of MACO. Cost-to-sales ratio, however, decreased from 41.6% to 39.0% primarily due to sales growth outpaced cost growth, improved operational efficiency and cost management especially in the Outdoor

positive response from the opening of ‘Mikka’ coffee shop. The Company soon realized that Mikka was able to respond to the new normal as consumers are less likely to eat in restaurant and consumers are

has a positive progress as the firm continued to received extension in listing its products from large grocery chain store in the UK, including ASDA which agreed to list the Group’s products in 300

indicated that in the third quarter of 2019, credit demand from the business sector improved from the previous quarter, due to loan demand from large corporates, particularly for working capital in the

and lower operating rates in several fiber manufacturing units. As all of these set of issues are now behind us, improved earnings from the EMEA region will have a further positive earnings impact for

Thailand remained stable. Capital funds and reserves were at a high level and were able to support the challenges of uncertain economic conditions. The performance of the Thai banking system improved, mainly