Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2019 Executive Summary The Thai economy in the last quarter in 2019 continued to grow

. Although, the Company incurred the increased selling and administration expenses a main reason was the increase of the rents of the existing branches and new branches. EBITDA profits from the performance in

well as other marketplaces e.g. Shopee, Lazada etc. Industry Overview Thai economy in 4Q19 was slowdown. On the domestic front, private consumption indicators suggested expansion in all spending

27 February 2018 At: ACC/HO 011/61 Re: Management Discussion and Analysis for the year ended 31 December 2017 To: President The Stock Exchange of Thailand In the first half of 2017 the Thai economy

30 April 2019 At: ACC/HO 012/19 Re: Management Discussion and Analysis for the Quarter of 1/2019 To: President The Stock Exchange of Thailand In the first quarter of 2019, the Thai economy expanded

to 400 days. For the six-month period, the Group reported total gross profit at THB 43.9 million. When compared to the same period of prior year, the gross profit decreased by THB 2.4 million. It main

pandemic since the second half of 1Q20, including the national lockdown in Thailand and travel bans in all international countries, as a result, the service users, both Thai And foreigners decreased. In this

. This mainly due to the company (iiG) won a big project in Insurance Industry, Thai Life Insurance Plc., In addition to that, the company was able to continue to provide service to many existing customers

for COVID-19. However, the epidemic of the virus was controlled in time by The Thai government, which has implemented a number of preventive measures to combat the situation, such as closing certain

sales revenue from overseas sales resulting from Thai Baht appreciation against 3 major currencies (USD, EUR, and AUD) as main revenue structure. Cost of sales. Selling and Administratiy!: Expenses: For