Dear Shareholders
In 2023, the Company was able to fully regain its momentum after the COVID-19 pandemic. The revenue surpassed 2019 and made a new record. In the beginning of 2023, the recovery of tourism sector, consumer confidence, economic situation had been improved continuously, leading to the great positive effect on the company's sales.
In the last two quarters, the economic expansion was slow and the consumer confidence in the domestic economy was at the lower level than the first half. However, the Company used various strategies to maintain higher sales. Launching new products is one of the most effective action which the Company does regularly. In the third quarter, the Company launched Pandan Coconut Custard Bun. It was success which led to the third quarter being the highest sale of 2023.
In 2024, the Company will continue to develop products and expand its location in order to grow steadily, provide customer satisfaction and maintain the reputation of being the best dessert café by delivering good quality products and service to consumers. The Company is also developing new products in the consumer goods category to be sold in convenience stores and other retail channels. The Company will adapt and use various strategies to gain profit as targeted.
On behalf of the board of directors, we would like to thank our customers, shareholders, business partners, as well as executives and staff for the support and trust given to our company. We endeavor to operate business with sustainable growth, taking into account the benefits of all stakeholders.
Chairman
Managing Director