orders from such client. They just submitted trading orders as directed by {A}. Furthermore, they had never conducted KYC/CDD for the client because {A} prohibited them from doing so. Also, {B} received

Experience 2013, just behind only the US and the Republic of Korea. The results illustrate the progress of the asset management development in Thailand.  This achievement is a reward due to an integrated

Bangkok, June 16, 2015 ? ASEAN audit regulators and audit firms in the ASEAN region have just concluded a meeting that discussed initiatives to raise audit quality and market transparency in the

ASSET MANAGEMENT LTD. http://denali-asset.com/ ESTH EASTSPRING ASSET MANAGEMENT (THAILAND) CO.,LTD. GUARDIAN CAPITAL ASSET MANAGEMENT CO.,LTD. JITTA WEALTH ASSET MANAGEMENT CO.,LTD. JUST ASSET MANAGEMENT

ตัดจำหน่าย (amortization) เป็นต้น (7) รายการพิเศษ (extraordinary items) และรายการไม่ปกติ (non-recurring items) (8) อื่น ๆ (9) ค่าใช้จ่ายที่เกี่ยวข้องกับการประกอบธุรกิจ (1) หักด้วย รายการที่ (2) ถึง (8

1,101.98 9% Adj. staff benefit - - 8.15 - Gross margin 130.94 117.88 11% 557.38 485.45 15% % Gross margin 30% 30% 0% 31% 31% 1% % Gross margin (exclude non-recurring cost) 30% 30% 0% 32% 31% 1

. Inventory days were 79 days as at 30th June, 2017 and 78 days as at 30th June, 2016. Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in

 30th September, 2017 and 71 days as at 30th September, 2016. Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q3 2017 was THB

: * Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-recurring income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 2017 2018 % change Q3’2018

% yoy. despite expanding business activities. This was the result of cost control measures particularly staff and supplies. In addition, during the same quarter of last year, there was non-recurring