of 2018, close attention was paid to uncertainty surrounding US trade policy with its major trade partners, especially China. Most recently, the World Economic Outlook of the International Monetary

whether or not there would be any proposals for such Trade Debt as mentioned above to SSG Group. On 4 October 2017, 2. Business Outlook on Q4/2017 Management’s Discussion and Analysis (MD&A) For Q3/2017 3

Interest income 4,702.46 1,735.72 2,966.74 170.92 Other Income 2,230.85 5,170.39 (2,939.54) (56.85) Profit before Expense 108,326.68 82,335.58 25,991.10 31.57 Sale Expense (11,762.46) (11,176.84) 585.62

purchase 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Profit before Selling and Administration expenses 48.29 33.87 39.31 5.44 16.06 -8.98 -18.59 Selling expense 11.70 11.26 11.33 0.07 0.62 -0.37 -3.13 Administration

%) (28.76) (7.27%) 2.79 9.70% Total Cost (163.40) (59.43%) (223.87) (56.62%) (60.47) 27.01% Gross Profit 111.54 40.57% 171.55 43.39% 60.01 34.98% Selling Expense (54.32) (19.76%) (54.80) (13.86%) (0.48) (0.88

(496.32) (61.33%) (645.04) (58.67%) (148.72) (23.06%) Gross Profit 282.35 34.89% 418.34 38.05% (135.99) (32.51%) Other Revenue 30.53 3.77% 36.08 3.28% (5.55) (15.38%) Selling Expense (128.46) (15.87

an external provider of warehouse and logistics management services, whereas the Company did not incur such expense in the corresponding period of 2018. It was also ascribed to a total increase of

955.30% Gross Profit 418.34 38.05% 633.38 40.90% (215.04) (33.95%) Other Revenue 36.08 3.28% 38.79 2.50% (2.71) (6.99%) Selling Expense (175.92) (16.00%) (154.89) (10.00%) 21.03 13.58% Administrative

AIRLINE South Korea, Vietnam, Philippines, and Indonesia (Source: Business Outlook Report, Bank of Thailand). As for European market, the main contributors, including the UK, Russia, and France, was

but not least, 4.) other supporting factors, namely public and private investments, were given a brighter outlook as the direction on the Eastern Economic Corridor (EEC) becomes clearer, which will also