FY21 MD&A Advanced Info Service Plc. Executive Summary Maintained leadership in mobile business The COVID-19 has induced an economic slowdown and limited business activities, affecting weak consumer

with economic uncertainties. Thus, our credit cost in the second quarter of 2017 stood at 2.46 percent, higher than 2.15 percent in the previous quarter and 2.13 percent in the same quarter of last year

appropriate risk and cost management in order to create a balance in economic, social and environmental dimensions for the optimum benefit of all stakeholders and in line with the United Nations Sustainable

due to the unfavorable economic and industry conditions i.e. Thai energy drink market, according to Nielsen data, reduced by 2.8% in 2017 and shrank by another 3.6% in the 1Q/2018 as compared to the

while other non-interest income declined yoy. Overall operating expenses also declined from effective cost management when comparing to the same period last year. The Bank continued to remain prudent when

excise tax and sugar tax following the Excise Act, B.E. 2560 which was effective since 16 September 2017; cost from trial runs and start-up of a new production line, driving higher yield loss; and cost

governance, appropriate risk management and effective cost management. At the same time, we have focused on collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, Muang Thai

private investment. In terms of economic risks, the recent trade war between the United States and China has limited impact on Thailand’s export activities in 2018, but will impose wider effect in the

GLOW Acquisition Economic Direction 2020 Electricity Usage 2020 The effect of new accounting standards announcement (Effective in 2020) • In the year 2020, the company expects to be able to recognize the

period of 2019. This increase was mainly due to switching towards more cost-effective marketing channels. Administrative Expenses In the 3rd Quarter of 2018 and 2019, administration costs increased from