frauds with considerable loss of money. In case of any doubts, investors should contact the business operator or the “SEC Help Center” via telephone hotline 1207, SEC Facebook page or SEC Live Chat on

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 While core EBITDA rose considerably versus 1Q 2017 an increase of 64% there were two considerable impacts on the overall EBITDA number. First

year-on-year growth of Baht 164.08 million or 115.40% with a net profit margin of 45.50%, up from 36.59% in the previous corresponding period on the back of a considerable increase in sales and

million or 168.71% with a net profit margin of 46.22%, up from 34.87% in the previous corresponding period on the back of a considerable increase in sales and significant increase in gross profit margin

51.83%, up from 34.56% in the previous corresponding period on the back of a considerable increase in sales and effective control of cost of sales as well as a decline in administrative expenses to total

previous corresponding period on the back of a considerable increase in sales and able treat gross profit margin same old s as well as a decline in administrative expenses to total revenues, which

product group came from the increased sales volumes; while unit sales prices of burnt products remained under considerable pressure compared with the same period last year. On the downside, there was a

control over waste management at the restaurants which lower the impact from sales shortfall partially. Selling Expenses Selling expenses for Q3/2019-2020 was Baht 209 million, decreased considerable by

Operations for the year 2017 The Bank’s loan portfolio for the year 2017 expanded at 9.3% from the end of 2016, a considerable growth comparing to contractions during the past 3 years from 2014 – 2016. The

Business Operations for the year 2017 The Bank’s loan portfolio for the year 2017 expanded at 9.3% from the end of 2016, a considerable growth comparing to contractions during the past 3 years from 2014