Promotion Operation Review ... 1 The effect of natural disaster on earnings management Supavinee Jevasuwan Kasetsart University SEC Working Papers Forum 19th August 2015 2 Research Question 3

senior management members to be ready for the future business expansion and higher marketing & promotion expenses to draw higher traffic into shopping malls. As a result, net profit declined 11% QoQ

& promotion spending and international business expansion, net profit margin attributable to owners of the parent slightly declined by 20 bps YoY to 13.8%. Q1’20 cash cycle of 35 days, compared with 32 days in

Limited, the Company’s direct subsidiary, holds 40 percent stake), the operator of a small power producer in Nava Nakorn Industrial Promotion Zone, invested in an expansion for an addition of 60 megawatts

Company’s direct subsidiary, holds 40 percent stake), the operator of a small power producer in Nava Nakorn Industrial Promotion Zone, invested in an expansion for an addition of 60 megawatts of electricity

parallel to service station expansion, (3) market promotion expense, and (4) corporate image related expense. However, selling, general and administrative expenses decreased 29% QoQ, as per usual that every

Human Resources related expense, maintenance expense of the Hydrogen Production Unit, Marketing Business’s new product promotion expense and Non-Oil expansion expense, also a higher depreciation expense

base expansion, a promotion campaign for new customers with 10-percent minimum payment, as well as marketing activities via KBank’s digital channels to promote spending across all categories as well as

of shop expansion, marketing and development of the new international business of automotive part and accessories and increasing of both domestic and international sales promotion and marketing

same period by franchises and delivery services expanding and co-promotion with banks and mobile service providers. - Swine farm business recorded its revenue of Baht 50.9 million that decreased of Baht