farm and non-farm income. Public spending also increased from spending on goods and services and compensation expenses while capital spending declined from the high base effect of last year from the

. Challenges persisted, including uneven income recovery, restrained spending in mid to low-income segments, high household debt, and global macroeconomic uncertainties. As a consequence, the overall economic

barely changed yoy. Cash and cash equivalent decreased 19% due to the spending of some internal cash flow to acquire the remaining shares of the subsidiary in 1Q’18. Trade receivable increased because of

accelerated spending in the first half of fiscal year. The situation is expected to benefit the company from economic recovery and private investment. In terms of total operating expenses, it usually varies

maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of

as well as more activities to encourage customer’s spending through AEON credit card. The Company launched AEON Shop Plus and offered gifts for credit card purchase that reach specific amount. The

the swing in net cash flows from operating activities. The change in net cash flows from investing activities is due to less spending on equipment in 2017 as compared to the same period in 2016. The

invest in new M&A targets. • Further manage down its OPEX to minimize spending. • Continue its quest for new projects within controllable risks and sustainable returns, in and beyond Thailand, targeting

at HomePro, Mega Home and HomePro in Malaysia. Moreover, the Company organized various marketing activities throughout the period with the aim of stimulating consumer spending. Activities included the

spending of some internal cash flow to acquire the remaining shares of the subsidiary. Social Security Office’s trade receivable increased which was in line with more registered persons and higher payment