Management Discussion and Analysis for the year ended December 31, 2019 Attention The President The Stock Exchange of Thailand Attachment Report and financial statement for the year ended December 31, 2019
employee benefits expenses and other operating expenses have increased to support the business expansion of the Company’s subsidiaries during the year. Innotech Asset Management Co., Ltd. has been approved
the company had an extra expense from a delayed project and it is one time cost. Moreover, revenue increased Bath 25 million. 2. Management Service (“MS”) had an increase in gross profit for Baht 10
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