Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2019 Executive Summary The Thai economy in the last quarter in 2019 continued to grow
is because of the revision of interest revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR) increased by Baht 4 million from Q1/2018 due to
and incentives to gain the privilege when travelling from CLMV countries to Thailand. (February 2019) 5. The Company, BTS Group Holding Public Company Limited and Sino-Thai Engineering & Construction
incentives to gain the privilege when travelling from CLMV countries to Thailand. (February 2019) 5. The Company, BTS Group Holding Public Company Limited and Sino-Thai Engineering & Construction Public
profit from Thai Solar Renewable Company Limited (TSR) dropped by Baht 15 million from Q2/2018 due to less solar intensity throughout Q3/2018 and decreased by Baht 13 million from Q3/2017 because of
Q2/2017 and increased by Baht 30 million from Q3/2016. This is because of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR
of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR) increased by Baht 9 million from Q4/2017 due to higher sunlight
. Collaboration regarding the study of Mixed-use Development On June 12, 2019, the Company established CPN and HKL Company Limited, a joint venture company between the Company and HKL (Thai Developments) Company
bachelor's degree, specify the bachelor's degree onwards. In addition, specify the training record regarding the roles, duties and fundamental knowledge of company secretary (such as the Thai Company Secretary
financial statement adjustment in accordance with new Thai accounting standards, while export branded sales increased 9% YoY. According to the previous accounting standards, the Company and its subsidiaries