Management Discussion and Analysis as follows : FINANCIAL SUMMARY 31.12.17 31.12.18 30.09.19 FINANCIAL POSITION (MILLION BAHT) Current Assets 1,119 1,154 1,176 Total Assets 1,242 1,268 1,300 Current

price competition and sale volume as well as Baht appreciation which leads to slow down in exporting thus revenue from sales of electricity and thermal energy declined due to shut down of machine for

same direction with Sales revenues at 16.2% which was driven by the strong recovery of Sales Revenue and have got less impact from the appreciation of THB/USD. Net profit in this quarter amount Baht

, upgrading technology in order to increase output of HDI products and the unexpected appreciation of the THB against foreign currencies, which had the effect of a decline in sales revenue, a low production

%. The main reason was Baht appreciation more than the corresponding period of previous year. That led to the decrease in cost of inventories. Exchange rate during Q1/2020 was between 30.28 – 33.09 Baht

materials Copper, Copper Foil, Laminate and Fiberglass, as well as the appreciation of the THB. Despite the increase in raw material prices and the THB’s strengthening, an increase in capacity and efficiency

global economy volatility impacted to Thai Baht appreciation against major currencies, i.e. USD, have had negative effect to the export business while the importer took this opportunity importing products

appreciation of the Thai baht; a decrease in revenue following the news about the closure of Dusit Thani Bangkok Hotel; and a decrease in revenue from the absence of Dusit Princess Korat Hotel, which was

the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main

discussed further herein is the fiscal year ending 31 December 2018, 2017, and 2016 and has been prepared on consolidated basis. Consolidated financial information 2018 2017 2016 Total assets million baht