domestic demand continued to expand driven mainly by improving of agricultural sector and government measures to support low-income households. As of May 31, 2019, the Company’s total cards reached 8.63
at key customers. These issues are resolved and with expected fixed asset investment due to the expected government stimulus and a new product, targeting steel customers, now ready this part of the
quarter expanded by 4.8%, higher than 3.9% growth in the previous quarter, according to data from Bank of Thailand and NESDB. This was mainly from acceleration of private consumption, government consumption
quarter. However, the Thai economy is expected to grow continually from last year, thanks to the expansion of exports and tourism sectors as well as an increase in government consumption. In addition, the
investment in short-term Government bonds has been reduced due to the proceed of investment in the Northern Multi-Products Fuel Pipeline project (NFPT). 1.2 Expenses 1.2.1 Cost of services In Q3/2018, Cost of
consumption should remain resilient owing to rising income levels and employment gains, and fixed investment is likely to pick up amid high capacity utilization and government infrastructure spending. Risks
operations and is hopeful that appropriate measures will also be taken by the Government to support to support the Thailand Industries. 3. Performance of the Company Operating Results The Company reported a
interest income from additional investment in convertible notes by 1.25mb or 30.6%. Moreover, our overseas subsidiaries in received additional government grants amounting to 2.06mb. Cost of Sales and
, Ministry of Tourism & Sports). Additionally, The Chinese government announced a ban on outbound group tours since 24 January 2020. The Company was fully aware of the situation and took actions by
Government Saving Bank in Thailand. This is not only potentially decreases our funding costs but also stabilized company financial conditions. 2 Summary of Consolidated Financial Results 1. Operating Results