” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the year ended December 31, 2018 as follows

end of 2018 to Bt4,739 million as of December 31, 2019; short-term debt as well as trade and other current payables decreased due to increased cash flow from operations; long-term debt increased to

business to grow 40-45%  Target lending amount Bt500-800mn Operations  Efficient kiosk location management and adding new services.  To add at least 1 more commercial bank from current 6 bank on the

generate new sources of revenue. Banking operations were also continuously improved to reduce costs. On the regulatory front, the Bank of Thailand implemented a macroprudential policy to regulate the Loan-to

operations and water management project. 11. Tax expenses in the year 2019 was Baht 0.28 million while there was Baht 3.25 tax income in the year 2018. It is increased by Baht 3.53 million from increasing of

“we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the years ended December 31, 2019 as follows

higher earnings from operations. 1.9 Profit Sharing for non-controlling interest of a subsidiary company On Oct 1’ 2010, the company sold partial investment in a subsidiary company to Japanese alliance

Bt83mn in 9M17. Other Business Performance of this part constitutes those of other business operations, e.g. property/hotel management service, project management service, etc. As of 3Q17, the Company was

expenses has a rate of incremental higher than the increasing rate of the total revenue, then profit from operations before finances cost and taxes (EBIT) was amounted to Bt1,450.5 million, a decrease of

other business operations, e.g. property/hotel management service, project management service, etc. As of 4Q17, the Company was engaged in two distinct project management services – a tourist facility