conflicts of interest arising due to the relationships that may compromise or appear to compromise the independence and objectivity of credit rating operations; Transparency and timeliness of ratings

may cause the REIT manager to be unable to perform duties independently with regard to due diligence on the real estate to be invested by the real estate investment trust as well as disclosure of

% to 24% in 1st quarter 2018. World sugar price volatility At the beginning of 2017, world sugar price has climbed up to 20 cent/lb then dropped sharply to 13 – 14 cent/lb at the beginning of 2018 due to

268.63 million Baht, increased 24.52 %, mainly caused income in year 2018 due to the business merger of domestic transport service by land, which is a subsidiary in late 2017 and merger and manufactures

million baht, an increase of 141.61 million baht or 16.30%. Interest expenses were 225.39 million baht, an increase of 11.87 million baht or 5.56%. The increasing was due to additional low cost of borrowing

Telecom Systems Integration and Telecom Service business of Baht 51.02 million, mainly decreasing due to the sale of notebooks and computer servers; - The revenue obtained from Computer Systems Integration

million to THB 455.30 million or increased THB 121.90 million or 35.56% due to film production and film right distribution of the Company and its subsidiary generated more revenue than earlier year. Cost of

increased by THB 143.86 million or 5.46% compared to the revenues of 2018. This is mainly due to the increase in sales of Food Coating, Flavour, Fragrance & Color, and Dry categories. Mainly increased in

7.32%. Revenue decreased from revenue from Sales Baht 646.41 million, decreased by 8.07%, from sales in material product group due to fluctuations in global markets from US and EU policies. Used

to 96.92% of the total revenue from operations, and increased by THB 143.86 million or 5.46% compared to the revenue of 2018. This is mainly due to the increase in sales of Food Coating, Flavour