economy of scale that resulted in staff expense increasing slower than the company revenue growth. Analysis of Financial Position Assets As of 31 December 2017, and 30 September 2018, the Group had total

franchise fees (3) increased efficiency in support functions due to economy of scale that resulted in staff expense increasing slower than the company revenue growth. Zen Corporation Group Public Company

sales and implementation of the new products from Salesforce. With our strong workforce, our company is prepared to enjoy an Economy of Scale. Selling and Administration Expense For the first 9 months of

an approach which reflects the ability to make profit of Hello LED in the future, where the key assumptions are an estimated growth of income and expense calculated based on the results of operations

various areas, and the economy of scale, which enabling the decrease of expense in the business operation of the Company. 7. Basis Used to Determine the Value of Consideration The basis used to determine

future from the increase of advertising media which will be able to reach target more precisely and covering various areas, and the economy of scale, which enabling the decrease of expense in the business

economic of scale of the Eastern Polypack. 3. Selling and administrative expenses is increased by 139.92 million Baht or 8.06% mainly cause by increase in expense from Aeroklas’ international operation such

of service 1.56 2.26 -0.69 -30.97% Total cost 2,007.11 1,786.69 220.43 12.34% Selling and administrative expense 534.91 458.92 75.99 16.56% Share of profit from investment in associates 43.08 63.12

in Chiang Rai to serve customers in the North, and 2 new stores of Homepro were opened in Malaysia, at Ipoh and Penang, which will benefit from greater economies of scale. As a result, at the end of

& medical supplies and improve in work- force efficiency as well as the benefit from economy of scale in term of declined fixed cost per unit were another factors to gross margin improvement. Administrative