Education Business was THB 78 million, a decrease of 4.9% yoy, mainly from - a decrease of THB 8 million on profit sharing from Le Cordon Bleu Dusit due to additional expense in relocating to the new location
official announcement from the Thai Government in March regarding the temporarily closer of premises such as department stores, restaurants, spa and fitness center. Consequently, the closure of facilities in
stemmed from the decrease in sugar prices and cost of production. Since the 1st quarter of 2017, the Company had been relocating its production lines of sauces and condiments to the new factory, such
fitness center for three months. Consequently, the closure of the hotel’s facilities had significantly affected the hotel revenues overall. For expenditures, the Company carefully controlled costs and
of 25.0%, leaving 290bps gap to the 2nd player. - Fitness First project delivered more than THB 700 million cost/expenses saving in 2018, which drove Q4’18 Gross margin to 34.5%, +270bps QoQ. *Net
Q1’19 market share of 27.9% increased by 290 bps QoQ, leaving 900 bps gap to the 2nd player. - Gross margin improved 270 bps YoY to 34.8% in Q1’19 mainly contributed by the performance of Fitness First
, and the office was relocated to support the expansion, resulting in cost of relocating and writing off existing office improvements. There was no such expense in this year, which made the Group's
cost from relocating some product from the old production line to the new one; 4) higher excise tax as well as sugar tax following the Excise Act, B.E. 2560, effective since 16 September 2017; 5) higher
performance of Boonterm kiosk with the ARPU management more than 5% of growth from 2017 and relocating the kiosks from the area that generate low income to the new area that generate higher income. As well as