competition in industrial market. Marketing margin was at the similar level of Q1/2017, while the Non-oil business recorded a higher revenue from expansion of the branches, but has been under developing and

million Page 22 5.3 Shareholders’ Equity Analysis As of December 31, 2018, total Shareholders’ Equity were Baht 100,850 million increasing by Baht 13,994 million or 16% from the year 2017. The main reasons

piano and violin of Ritmuller’s brand The Company’s core business is to distribute the products in Thailand and the main target of the Company’s customers are working women who care for good quality

such asset; “association” means the association related to securities businesses whose establishment is approved by and registered with the SEC Office with the objective of promoting and developing

industry sector and tourism industry sector were main drivers, to support the overall Thai economy. Moreover, the inflation rate increased 0.8 percent while the unemployment rate remained under 1.0 percent

Public Company Limited; Compensation for business design and the hiring of Cherdchaiwon Company Limited for production and installment of hydraulic platform for Carnival Magic Project, developing under

Carnival Magic Project, developing under Carnival Magic Company Limited, an indirect subsidiary of the Company. The Board of Directors of Safari World Public Company Limited at the Meeting No. 5/2019, held

สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ (ก.ล.ต.) ร่วมเสวนาในหัวข้อ “Advancing Policies and Enabling Environment” ของงาน WeEmpowerAsia Virtual Forum https://www.sec.or.th/TH/Pages/News_Detail.aspx

advancing supplier diversity through gender-responsive procurement in Thailand and Viet Nam.

adapt their businesses towards long-term sustainability."SEC Secretary-General Pornanong Budsaratragoon shared that the SEC is confident Thai ESGX will serve as a key mechanism for advancing ESG practices