Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE
(“Centara Udonthani Hotel”). Well-managed financial costs with 42% drop YoY also contributed to the higher net profit. Effective operating costs management resulted in higher Gross Profit ratio, which
overseas subsidiaries making higher loss from operations, the effective corporate income tax rate as reported on the consolidated financial statements was therefore 34.1%, up from 24.3%. For 1H/2018
domestic subsidiaries delivering improved operating performance. Coupled with overseas subsidiaries making higher loss from operations, the effective corporate income tax rate as reported on the consolidated
domestic subsidiaries delivering improved operating performance. Coupled with overseas subsidiaries making higher loss from operations, the effective corporate income tax rate as reported on the consolidated
improved operating performance. Coupled with overseas subsidiaries making higher loss from operations, the effective corporate income tax rate as reported on the consolidated financial statements was
million, in line with domestic subsidiaries delivering improved operating performance. Coupled with overseas subsidiaries making higher loss from operations, the effective corporate income tax rate as
profits by 12.5% as a result of higher efficiency gains from effective cost controls, despite a decrease in total revenue by 3.4% primarily due to the decline in revenue from sales, consistent with the
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
; higher depreciation; higher excise tax and sugar tax following the Excise Act, B.E. 2560 which was effective since 16 September 2017; cost from trial runs and start-up of a new production line, driving