products and also from the decline in global oil prices and the high base effect of last year expedited exports before the increase in US import tariffs on Chinese products. In the tourism sector, the number

also from the decline in global oil prices and the high base effect of last year expedited exports before the increase in US import tariffs on Chinese products. In the tourism sector, the number of

percent with gross profit margin of 35.5 percent (35.9 percent in Q1/2018). The increase of gross profit was the result of low overhead cost due to high production volume and Sales increasing.  Sales

. Moreover, there was a high base in Q4’2017 since the market reacted to an announcement of the new excise tax imposed to RTD Tea before the regulation became effective in mid Sep’17. Although the challenging

revenues from High-Valued Document and Digital Print and Mail. Revenue Breakdown T.K.S. Technologies Public Company Limited Management Discussion and Analysis Operating Results for the period ended 31

company has high cash and current investments from IPO proceeds. As a result, debt to equity ratio drop to 0.28 times. Osotspa Public Company Limited Q4’18 and FY18 Management Discussion & Analysis 27

including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget

convergence package (FMC), has decently captured market demand, supported by an active outbound approach to reach high-valued mobile customers. Following our intention to win homes, standalone broadband ARPU

economy and price competition Mobile revenue was Bt28,847mn, decreasing -1.7% YoY and -2.5% QoQ impacted by low spending amidst Omicron’s spread and relatively high base of 1Q21 from government stimulus

loss and high base of 2Q21 with one-time other income. Revised guidance from rising economic concerns Due to a rising concern on inflation, consumer spending, and continued intense competition, AIS