Company and its subsidiaries recorded Baht 82.51 million and Baht 69.45 million, respectively, increased by Baht 13.06 million or 18.80%, partly due to the recognition of revenue of the Company. Universal
satisfactory, the company has set a target to expand at least 100 branches by 2021 in order to meet the rising demand and foster brand recognition. The Company will emphasize on expanding the branches in areas
Shareholder, which will be held on 29 April 2020). AWARDS AND RECOGNITION The Company won the Best Investor Relations Award and Outstanding Investor Relations Award from SET Awards 2019. The award was given
international standards. Sustainability Disclosure Recognition The company received the Sustainability Disclosure Recognition 2020. Held by Thaipat Institute, this prestigious certificate is presented to the
Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 caused a lower net profit by Baht 6.3 million, mainly due to higher depreciation and interest expenses recognition. The Company has not yet
หน้า 1 จาก 4 February 27, 2020 Subject Management Discussion and Analysis for the year 2019 ending December 31,2019 To : The President The Stock Exchange of Thailand WICE Logistics Public Company
ordinary shares Therefore the company must have revenue recognition into the financial statement Resulting in increased service revenue Which can classify income as follows Unit : million baht Service For
Benefits to the Company: Lessen effect on recognition impairment of investment and goodwill into the consolidated financial statements the burden of Debt to Equity of the consolidated financial
decreased of Baht 2.55 million resulted from a decrease in recognition of share loss from associated company of Baht 2.55 million. Therefore, The Company would like to report the reviewed/audited operating
difference of investment in the amount of Baht 302.70 Million, in which case, the Company can record recognition of the profit promptly. 6.3 The selling price of the shares in the value of Baht 2,065 Million