contributed of THB 990 million and partial offset with the adjustment in other comprehensive income for actuarial of employee benefit obligations increased by THB 16 million. Management’s Discussion and

issued ordinary shares in respect to debt-to-equity conversion scheme in amounted to THB 1,136 million and the net profit for the year 2017 contributed of THB 990 million and partial offset with the

Mn, offset by a decrease in dividend payable of THB 303.8 Mn. Shareholder Equity As of 31 December 2016, and 31 December 2017, the Group had shareholders’ equity of THB 269.1 Mn and THB 365.6 Mn

, the Company had loss from real estate rental and services related of ABC World Project of Baht 79 million, the gross loss for last year were offset against gross profit generated from the disposition of

debt collection from its investment in bill of exchange that had been fully impaired since 2017, resulted in the reversal of the allowance for impairment that offset the total expense for the year. While

Company to recognize as deferred income tax assets with the income tax income in the previous accounting period and if the deficit is used to offset the profit in any period make record income tax expense

the employee benefit expenses and other operating expenses to support the Group’s business expansion was offset by the decrease in financing cost on lower borrowings and the debt recovery from the

mainly relates to no share of loss from Lijiang Banyan Tree Hotel Co., Ltd. (the investment was sold in July 2017), partially offset by loss from Banyan Tree China Pte. Ltd. (the company started to take

6,640 million, increased by Baht 649 million or 10.8% from September 30, 2018, due to increase in retained earnings as a result of additional net profit partly offset by dividend payment. Sincerely yours

due to the Company expanding its service to launch a new project for a client, a mobile operator group, offset by decreasing income from another existing project. Gross profit was Baht 11.6 million