and 4.3% QoQ from improved ARPU as unlimited data plans were removed and subscription was geared toward volume- based plans. As a result, blended ARPU had a strong recovery, rising 1.8% YoY and 4.1% QoQ

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

baht and 27.38 million baht respectively, following the contraction in sales. The Company and its subsidiaries operated integrated stainless center which provided many kinds of services such as

Company has the right to develop, through DID 2. The tourist facilities which are under development consist of 3 resorts in total, which include integrated tourism complex e.g. retail & entertainment, duty

re-contract customers with steep discount. Integrated players continued to attract customers with bundling plans (home broadband, mobile and contents) aiming to realize customer value in the long term

thereon. The Company and its subsidiaries operated integrated stainless center which provided many kinds of services such as procurement, transformation, manufacture and stainless products wholesale and a

million baht. The Company and its subsidiaries operated integrated stainless center which provided many kinds of services such as procurement, transformation, manufacture and stainless products wholesale

GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2020 Page 1 of 11 Management Discussion and Analysis This interim MD&A report has been prepared based on the

million baht respectively. The decreasing in overall sales of the company and subsidiaries lower the outstanding receivables and inventories. The Company and its subsidiaries operated integrated stainless

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the