PPE and investments and 2018 dividend payments and 2019 interim dividend payment were offset by cash inflow from operation. Current investment decreased by THB 2,201 million due to divestment in debt

of THB 37.3 Mn compared to the same period in 2018. Net profit decreased by THB 34.0 Mn but this was offset mainly by an increase in working capital due to (1) accrued expenses which increased by THB

which decreased by 9.30% which partially offset by 6.77% higher selling price comparing to 2Q2016. GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2017 Page 4 of

confidence and business sentiment. The continual expansion could help offset the slow disbursement of public investment in this quarter. All in all, economic drivers continued to improve particularly

-18 Q1/19 Q2/19 1H/19 Q3/19 Q4/19 31-Dec-19 Number of After You Branches in 2019 +0 In order to offset the postponement of the store opening, the Company has been focusing on launching more pop-up

current assets mainly derived from the increasing in inventory of THB 582 million and partial offset with the decreasing in cash & cash in banks and other current assets whereas the decreased in non-current

increasing in inventory of THB 582 million and partial offset with the decreasing in cash & cash in banks and other current assets whereas the decreased in non-current assets mainly due to the depreciation for

2018 by THB 1,828 million. The current assets amounted to THB 2,956 million, decreased by 33% from the year ended 2018 mainly derived from the decrease in inventory of THB 1,680 million partial offset

sales amounted to THB 3,179 million increased by THB 724 million or 29.5%. The main contributor was sales from CLMV amounted to THB 1,064 million or 69.8% of which can offset the impact of reduction in

offset the impact of reduction in export sales to some countries which are affected by the unfavorable industry environment and in early stage of brand awareness building. Domestic sales amounted to THB