% from last year and total revenues of 1,845.12 million Baht which also increased 16.82% from last year. This was mainly due to market and product expansion resulting to higher business volume. 2. Cost of

and administrative expenses increased by Baht 2.12 million or 2.59% the main reasons are the expenses incurred from the expansion of subsidiaries, staff cost and expenses of hospital quality improvement

expansion into new export market i.e. the People’s Republic of China, under CBD’s operations is in pursuant to the Board of Directors’ meeting No. 4/2560 held on 25 April 2017 to approve our withdrawal from

sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition

. Nonetheless, the business sector remained challenged by new modes of competition, the broader marketplace amid the advancing digital age, regulatory changes, the rapid pace of technological advancement and fast

with the expansion of its trade transactions with new partners with respect to the company’s strategic plan to enlarge the business. Marketing Business Group recorded 5% higher total sales volume YoY

of digital technology, which has shaped a new trend of consumption amid intensified borderless business competition via digital channel. To brace for these numerous challenges, KBank prioritizes the

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

directions, adaptability to ensure competitiveness under the changing landscape and increasing competition, and the use of technology to serve the investors’ changing demands and behaviors.  As the Thai

through the industrial market. This is in respect to the fairly high degree of competition in the industrial market, and the 4th quarter was a High Season for fuel consumption. As well as, late in the