companies see value in outsourcing HR/payroll services, to allow their own HR team to focus on their own businesses. We experienced better growth in Thailand and T.662 636 6999 F.662 646 4200

higher value product range are the main driver for higher revenue. We report growth in all our key markets; Thailand, Portugal and China grew 3.6%, 7.1% and 12.7% year-on-year respectively. 2) Car

, as well as the slowdown in business in Thailand. Even though HV saw a growth in revenue in the past year, it is still a small proportion compared to the revenues from the Company and HP, so overall the

, particularly in the export sector, the tourism sector, slowdown of private consumption and investment as well as the Baht’s ongoing appreciation. In 2020, Thailand economic growth will likely slowdown. There are

operations were very strong; recording 53.5% growth year-on-year. Portugal operations were also growing, recording 6.6% growth year-on-year. Both Thailand and Portugal operations outperformed average industry

% over the same period last year, driven primarily by SSSG of 8.2% in our food retailing in Vietnam category, as compared to 6.6% in the prior period, and growth in our food retailing in Thailand category

consumption and investment. The slower growth is expected to continue in 3Q19 since the external factors remain unsolved. Although private consumption was supported by sales promotion and government measures

quality and freshness of goods. Also, we attribute our growth in Thailand to improve merchandise mix and increases in our average net selling space per location. 2. Revenue from rental services was THB

continues to invest in Strategic Growth Projects both in Thailand and overseas, mainly to expand new stores of Thai Watsadu, Robinson Lifestyle Centers and GO! Mall.

maximize market opportunities in 2018.” 2. Outlook General economic conditions are favorable: there is growing expectation that Q4 2017 GDP growth in Thailand will have accelerated to 4.5% y/y (versus 4.3