Microsoft Word - SorKhorNor 10-52_en_final (UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

capital increase from Initial Public Offering would result in the marked decrease in Debt-to-Equity ratio and financial costs going forward. Management’s Discussion and Analysis S Hotels and Resorts Public

products. For the domestic, the Lockdown measure from the Thai government resulted in the hypermarket stores such as Tesco Lotus, Big C, Home Pro, etc. that are the customers of the company necessary to

is invested and operated by Thai Flavour and Fragrance CO., Ltd. Operation Results The Revenues from Operations For the nine –month period ended 30 September, the revenues from sales and rendering

, Property and Equipment Other current assets Other non-current assets 26% 14% 13% 65% 20% 15% Equity Current Liabilities -4% (THB million) -4% Total Equity As of 31 March 2021, the total equity of the Company

financial statement as follow: Asset: Investments in associated company declined THB 54 million Shareholder’s equity: Retained Earnings declined THB 38 million None controlling interest declined THB 16

Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the second quarter of 2017 ended 30 June 2017 Executive Summary In the second quarter of 2017, Thai economy has

Limited and its Subsidiaries Management’s Discussion and Analysis for the third quarter of 2017 ended 30 September 2017 Executive Summary For the third quarter of 2017, Thai economy grew more than 3.0

Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2018 Executive Summary The Thai economy in the last quarter in 2018 continued to grow

that Thai economy will grow faster than the same period last year, reflecting in a higher GDP. Export and tourism sector are the main factors that support Thai economy in the second quarter. In addition