COMPANY LIMITED - PATHUM WAN, PATHUM WAN, Bangkok 10330 Tel. 0-2658-5000 Fax. 0-2658-6855 28. MERCHANT PARTNERS SECURITIES PUBLIC COMPANY LIMITED 2/F CHARN ISSARA TOWER 1 , 942/81 RAMA IV ROAD SURIYAWONG

amount increases were mainly driven by the rise in personnel expenses, rental cost, utility cost, merchant fees, maintenance cost, and marketing expense. However, SG&A as a percentage of sales has

, resulting in 4.6% forecasted economic growth in the first quarter Economic outlook for Q2/2018 is expected to grow robustly, supported by promising outlook for merchandise exports as well as tourism. A robust

. Pricing impact on revenue: the company realized overall higher prices in Q4 compared with previous months on same-customer comparison basis given the robust demand and increased input cost pressure on all

positively, private consumption remained robust through amid still- weak inflation. On 10th July, a new cabinet was formed that should largely see policy continuation; however, given the coalition’s slim

product portfolio. MACO is now also exploring potential opportunities to expand our network to neighboring countries in Southeast Asian. We are responding to robust economic growth in the region and the

, total investment, and a robust export growth. As of May 31, 2018, the Company’s total cards reached 8.24 million cards (including 2.52 million credit cards and 5.72 million member cards), net increasing

sector the Thai economy continues to outperform with Q2 growth at 4.6% slightly below Q1 but remaining strong. Private consumption growth was robust in July and August, supported by higher consumer

LIMITED MENAM STAINLESS WIRE PUBLIC COMPANY LI... MERCEDES-BENZ (THAILAND) COMPANY LIMITED MERCHANT PARTNERS SECURITIES PUBLIC CO... MERMAID MARITIME PUBLIC COMPANY LIMITED MES PRO (1989) PUBLIC COMPANY

Design Power 10,898 22.1 10,135 21.6 10,872 23.2 EVSBG (Electric Vehicle Solutions) 5,017 10.2 2,897 6.2 2,054 4.4 MPBG (Merchant Power) 7,452 15.1 6,653 14.2 5,985 12.8 FMBG (Fan & Thermal Management