rate of tariff for importing products from China. However, the global economy still has continuously growing up. While Thai’s economic has trend to growing lower than expectation, Not only exporting

& Digital 108 81 -24.6% International Advertising - 87 n/a System Integration 448 343 -23.6% Total Revenue 710 612 -13.7% Cost of sales slightly decreased from THB 466mn to THB 465mn, while cost-to-sales

70.6 MB. -2- The change in net profit in 2023 is consistent with the change in revenue when compared to 2022. However, in 2023, the profits decreased by 7. 0% , while total revenue decreased by 3. 1

sales revenue also decreased by 3.7% and 9.6% respectively while Malaysia operations, which the company acquired 60% shareholding in Aapico Avee during July 2023, reported an increase of 83.8%. 2) Car

causing exports to reduce from the previous year. The sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption remained stable. Although the

around 82% but the cost of goods sold of Q4/2019 is down to 77.9% because of the reduction in raw material cost. • Although we have continually conducting cost down projects and minimize the internal

WORLD and shareholders since this acquisition. It is worthy investment because there are deposit amounts for both projects although the 2nd project it not started construction yet and considered as an

Investment with any clarity. Going forwards the horizon ahead is quite clear. The Company has appropriated 100% of SGAH (Holding Company in UK) and own 77% of SACL (India) although the AAPICO Board is not

consumption and investment. The slower growth is expected to continue in 3Q19 since the external factors remain unsolved. Although private consumption was supported by sales promotion and government measures

was fully integrated into revenue from hotel business for the whole quarter. The third quarter is, in general, the peak season of Fiji and Mauritius where we have 3 hotels in those countries, although