respectively, an increase of THB 43.5 Mn or 3.1%. This was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees, (3) increased sales of retail merchandise and (4
compared to the Q2 2018 of 127 million Baht. This was due to closure of two stores in the United States and in Thailand and also decrease in the sales of merchandise, gourmet food and beverage in the United
activity in the first quarter of 2018 continued to expand from the previous quarter, driven mainly by the solid growth momentum of merchandise exports and the tourism sector. Private consumption continued to
merchandise exports which continued expand with a growth 13.1% consistent with global demand growth and continual increase in crude oil prices. Domestic demand robustly expanded by private consumption which
percentage of sales has increased from 24.97% in the previous year to 25.71% due to change in product sales mix of general merchandise and the enhancement of directly sourced private-label goods, as well as
to franchisees and (4) increased sales of retail merchandise. However, in the nine months ending 30 September 2018 and 2019, the economic situation and consumer confidence continuously worsened which
2017 accelerated from the earlier period. The main impulsion were continued expansion both merchandise exports and tourism. The value of merchandise exports, consistent with the faster economic growth
from the earlier period. The main impulsion were continued expansion both merchandise exports and tourism. The value of merchandise exports, consistent with the faster economic growth among Thailand’s
expansion of merchandise exports and tourism. The value of merchandise exports in 2017 grew around 10%, compared to 0.5% in 2016. Tourism sector also grew in line with the higher number of foreign tourists in
expansion of merchandise exports and tourism. The value of merchandise exports in 2017 grew around 10%, compared to 0.5% in 2016. Tourism sector also grew in line with the higher number of foreign tourists in