quarter, the weaker performance was a consequence of highly intense competition which caused the average fare to drop by 3.6 percent and passenger yield per RPK to decrease by 2.3 percent compared with the

performance was a consequence of highly intense competition which caused the average fare to drop by 3.6 percent and passenger yield per RPK to decrease by 2.3 percent compared with the same period last year

work and learn, while the entry plan remained stable around Bt400. Discounts were also offered to new customers or those switching service provider, resulting in a decrease of the industry’s ARPU from

the decrease of expense in the business operation of the Company. 8 Enclosure 1 7. Basis Used to Determine the Value of Consideration The basis used to determine the value of consideration for the

various areas, and the economy of scale, which enabling the decrease of expense in the business operation of the Company. 7. Basis Used to Determine the Value of Consideration The basis used to determine

future from the increase of advertising media which will be able to reach target more precisely and covering various areas, and the economy of scale, which enabling the decrease of expense in the business

(Decrease) Million Baht Million Baht Million Baht Percentage Total Revenues 3,533.44 4,574.73 (1,041.29) (22.76) Cost of Sales 3,502.85 4,293.84 (790.99) (18.42) Expenses 120.69 156.08 (35.39) (22.67) Net

at 21% respectively. 1.1.2 Others Income Others income was of Bt11.4million, a decrease of Bt7.4 million or 39.4%(y-o-y). Since lower interest income as investment in short-term Government bonds has

property market. Total liabilities Total liabilities decrease 3.23% or 277.35 million THB i.e. from 8,592.92 million THB to 8,315.57 million THB. Since the short term loan that is due is paid back to

was driven by the outstanding profit of the Company and its subsidiary. In addition, the significant improvement of return on equity was from the decrease of shareholders’ equity as mentioned above. For