. Overall market environment The Thai economy continued to expand mainly from 2 key drivers relating to external factors, in line with the recovery of the overall global economic conditions (Global
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the year, it was in line with the recovery of the overall global demand. Tourism also showed continuous growth with the number of foreign visitor arrivals for the first 11 months of 2017 totaling 31.8
a low growth of only 0.5% yoy, with growth in line with the recovery of the overall global demand. Tourism also showed continuous growth with the number of foreign visitor arrivals for the year 2017
in line with income from investments, an increase in net premiums earned - net, and revenue from capital market products. Nonetheless, given one extraordinary item – an increase in retirement reserves
increased by Baht 44.6 million from increase in unit rate which is adjusted in line with the increase in average natural gas price from the first quarter of 2021. 3 Sales and service income (included revenue
quarter of 2022. However, sales of natural gas power plant decreased by Baht 51.2 million from decreasing in unit rate which is adjusted in line with the decrease in average natural gas price from third
by THB 821.69 million YoY (-6.24%), in line with the decrease in revenue from sales and services. 4 I 9 Management Discussion & Analysis 2023 Online sales increased by THB 16.83 million. The reason for