or down by 2.9% over the same period of last year. The decrease was mainly driven by the improvement of operating efficiency, the decrease in marketing expenses that resulted from the company’s policy

in 2017, primarily due to improvement of our operating profit margin and significant reduction of financing cost resulting from the repayment of loan after IPO. • NNP margin improved to 9.3% in 2017

, meanwhile, dropped at the steepest rate in over four years while the average manufacturing PMI reading for Q1 suggested only a fractional improvement in operating conditions. However, the Thai economy has

improve operational efficiency and cost control in the past year had led to a significant improvement in Krungthai ZMICO’s operating performance comparing with last year. The operating results of Krungthai

1,966 million for 9M’2016 to Baht 2,346 million for 9M’2017, primarily due to the improvement of our operating profit margin and the reduction of financing cost resulting from the repayment of loan after

to THB 25mn in this quarter. The increase was as a result of an increase of loan for financing the Rabbit Group acquisition in March 2017. Given this further improvement in operating activities, the

, increasing 25% YoY and 21% QoQ, following improvement of operating profit despite increased finance cost and FX loss. Finance cost was at Bt2,300mn, increasing 84% YoY and 4.8% QoQ mainly from full quarter

SNAPSHOT & ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 1Q 2017/18 4Q 2017/18 1Q 2018/19 QoQ (%) YoY (%) Operating revenue 852 1,128 1,077 -4.6% 26.5% Cost of sales 356 406 392 -3.5% 10.1% Gross profit 496

are at 52.41 million THB and 1 00.86 million THB respectively. The change is subject to the credit facilities required for operating the business. Office Improvement and Equipment At the yearend 2016

restricted bank deposits are at 52.41 million THB and 128.96 million THB respectively. The change is subject to the credit facilities required for operating the business. Office Improvement and Equipment At