annum 2.2.4 Long-term debt of FPT under rehabilitation plan was of Bt7.5 million. 2.2.5 The Employee benefit obligations was of Bt983.0 million according to Labor Protection Laws as TAS no.19 on employee
U City Public Company Limited (Registration No. 0107537000459) 21 TST Tower Soi Choei Phuang, Viphavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok 10900, Thailand T: +66.2273.8838 F: +66.2273.8858
increased by Baht 272 million as a result of the increased revenue which followed the rise in availability rate from 40% in Q4/2018 to 99% in Q1/2019 due to no major overhaul. In addition, the cost of sales
the previous year. Furthermore, the Company invested in equity instruments and increased loan for associated companies at the amount of 42.5 million THB. In Q1/2019, no cash was received from the sales
Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 13 May 2019 No. ZEN 2562-018 Subject Management Discussion and Analysis for 3
million or equivalent to 16.13% because the installations made according to the financial lease contract and no additional contract. 2.3 Shareholders’ Equity Analysis As at March 31, 2019, Shareholders
business for the first quarter of 2019 amounting to Baht 840 million, a decrease of Baht 35 million or a decrease of 4% compared to that of the previous period amounting to Baht 875 million. There was no
has no financing project as we have ample funds for a working capital and other investment plans. Please be informed accordingly, Yours sincerely, Mr. Soontorn Dentham Chief Executive Officer
sector. Then, there is no demand for new installation. 3. Construction service income for the year sharply increased 93.75 Million Baht, accounting for 24.85% from previous year as the increased in