TigerSoft which is heavily weighted towards non-recurring revenue. Consequently, TigerSoft pushed up our non-recurring revenue in HR Solution by 29.7mb to 45.09mb (Q1 2019: 15.39mb) or 193% increase year-on

quarter of this year. However, despite the increase in consolidated revenue compared to the same period of last year, the company-owned products (excluding Kuron’s) generated lower sales after being heavily

severely contracted as a result of the Coronavirus 2019 (Covid-19) outbreak which began in late January. Income from the tourism heavily declined as a result of international travel restrictions that were

change in the composition of revenue between recurring and non-recurring income is due to the consolidation of TigerSoft’s result. Tiger’s business model is heavily weighted on non-recurring revenue due to

heavily based on consumer need research. 4.2.3 Thanasiri Group’s Brands tel:02-455-2888 บริษัท ทาคูนิ กรุ๊ป จ ากดั (มหาชน) เลขท่ี 140/1 ถนนกาญจนาภิเษก แขวง/เขตบางแค จังหวัดกรุงเทพฯ 10160 โทร. 02-455-2888

project group has also been heavily affected as the consumers have put off decision for purchasing new homes as there are surplus of available and completed housing projects ready for sales. In addition

Covid-19 pandemic, which severely affected purchasing power and demand globally. Tourism sector faced a catastrophe, started heavily in March, after most of the countries announced travel restrictions

sectors. Tourism was heavily affected by airspace and border closures, while merchandise exports fell sharply as demand from major trading partners fell, impacting both manufacturing production and domestic

Risk Management Liquidity in the financial markets both at home and abroad tightened, especially at the end of the quarter as investors heavily sold off various assets and shifted to hold more cash

yoy. Last year, the Company was in the process of listing in SET. thereby incurred high amount of such fee. Financing Costs Financing cost decreased significantly during 9M17 and 3Q17 because the