and also maintained the gross profit margin in nearly same level of year on year, led to operating profit growth. For the Company’s financial position, the Company still had current ratio 1.45 times and

of a derivatives clearing house, and the resources of which may comprise shareholders’ equity of the derivatives clearing house, assets maintained by the derivatives clearing house for the stability of

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to

decelerating rate due to slowdown in external sector and manufacturing production at home. Meanwhile, private consumption which continued to expand was derived mainly from increased expenditures on automobiles

, in particular “EEC & the Future of GMS: Investment Opportunities for Chinese in Thailand”, were organized for Chinese customers. For the delivery of world-class services, we continued to collaborate

maintained at same level by increasing 0.2% from Baht 106.7 million to Baht 106.9 million, increased by Baht 0.2 million and increase 9.8% 9M YoY the increase in administrative expenses of 9M YoY mainly

from 4.0 percent in 2017. Nominal GDP for the year totaled Baht 16.3 trillion (USD 500 billion). While domestic demand continued to be solid in 2018, the export and tourism sectors weakened in the second

uncertainties around global trade and supply chains between major economies such as the US and China, the UK and EU, as well as geopolitical tensions in the Middle East. Nevertheless, Thailand continued to

was a decrease from the contribution of 46% in 2018. This was followed by the North America markets which increased from 26% to be 34% in total sales, while Europe markets maintained 27%-28% with no

TSE remained unchanged where the Company used Equity Method. This was because the Company maintained significant influence over TSE as the Company had its representative as authorized director of TSE