the previous quarter. The main supporting factors were the return-to-expansion of export goods, private investment as well as a continual expansion of government expenditure. Meanwhile, the new wave of

VS. 2017] FX: THB/USD 30.7810 32.0754 33.7691 FX: THB/EUR 34.2753 37.7340 37.7119 Sales Revenue 12,097.4 13,982.5 -13.5% 14,195.4 -1.5% [ Sales Revenue, USD $393.0 $435.9 -9.8% $420.4 +3.7% ] Cost of

% in the previous quarter due to a slowdown in both of export and tourism sectors. Meanwhile, the private consumption expenditure accelerated in line with rising consumer confidence. In addition, the

measures to maintain profitability; namely controlling operational costs such as marketing expenses, utility expenses, over-time compensation, associate’s commission and outsourced labor cost. The

limited for the rest of 2019. Income tax expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost. 3.2. Assets, Liabilities

under investment promotion schemes granted expenditure reduction around 1.5 times. However, the expense on the increasing number of kiosks does not frequently happen on account of a long-term investment

that bolstered purchasing power. Government expenditure also plays important role in sustaining the economy with fixed expenses continuing to expand in comparison to the same period last year, especially

. Decrease in cash, cash equivalent and short-term investments of THB 1,050.7 mm, which was mainly from higher capital expenditure, align with the Company expansion. 5. Decrease in cost of real estate

1,221.6 81.8% Share of Profit from Investments in Associates and JVs 491.3 693.3 202.0 41.1% Total Cost 773.7 1,248.6 474.9 61.4% Gross Profit 603.8 1,314.7 710.9 117.7% Net Profit 334.5 972.4 637.9 190.7

million baht or 3% from last year. This was as a result of an increase in personal expense by 4% caused by increasing employment of the Company’s subsidiaries, increases in rental cost of the Company’s