climbed up to 20 cent/lb then dropped sharply to 14 cent/lb during last quarter of the year due to funds speculation and global sugar supply forecasted to be surplus in 2018. As a result, the Company

funds speculation and global sugar supply forecasted to be surplus in 2018. As a result, the Company recorded average export price increase from 16,557 THB/ton to 14,792 THB/ton or decreased by 11

cent/lb at the beginning of 2018 due to global sugar supply is surplus in 2018 with the additional of domestic price decrease from the new sugar regime that domestic price will float along with global

volatile during this quarter. However, Thailand’s financial stability was satisfactory due to a high current account surplus and rising demand for imported raw materials used in export-oriented manufacturing

receipts, however, the country’s current account turned to show a surplus. Moreover, clarity regarding Thailand’s general election date helped curb capital outflows, and the Thai Baht resumed its

capital outflows from the Thai market. Given the healthy Thai economic fundamentals, as evidenced by revived economic activity, a rising inflation rate and current account surplus, however, Thailand may

building and the capitalization of our software as we introduced more features. Cash surplus increased by 23.20 mb or 26.3% due to cash flow generated from operation and good working capital management. (b

, interest income from convertible bonds, as well as return from investing surplus cash in money market products. Cost of Services Our cost of service increased by 43.87mb or 16.4% to 332.39mb (2018: 285.52mb

surplus cash in money market products. Cost of Services Our cost of service increased by 20.30mb or 27.7% to 93.71mb (Q1 2019: 73.41mb) . The growth in cost of services was in line with the 35.2% growth in

12.26mb ( Q3 2018: 5.66mb) as a result of realized gains on investments, interest income from convertible bonds, as well as return from investing surplus cash in money market products. Cost of Services Our