sector spending and consumption. The Group’s revenues during the last quarter of 2016 and 2017 was affected. In 2017, the Group had total revenues of THB 2,407.17 million with a decrease of THB 153.73

prices as well as the decline in public and private consumption. The tourism industry, especially in the hotel, transportation and restaurant businesses, was hard hit by the impact of COVID-19 outbreak

. Domestic demand continued to expand from private consumption and public spending, while private investment contracted especially in real estate sector in line with decline in the supply of new real estate

December 2018, resulting in the increase in fuel consumption. 3.2.2 Equity increased in the amount of Baht 727.48 million. The main reasons were as follows: (1) The profit of the 1st quarter of 2019 in the

consumption better as a result in the first quarter of year 2019, the group has revenue from sales of products and services has increased from the previous year in the amount Baht 38.34 million, and predicted

is likely leaving its mark on the Thai economy. Private consumption growth moderated noticeably in Q1 while private investment fell, reflecting dampening domestic demand. Manufacturing output

from contraction of export sector as global consumer demand weakened. The tourism sector and private consumption grew at a slower pace. On the other hand, the personal loan of commercial banks and

positively, private consumption remained robust through amid still- weak inflation. On 10th July, a new cabinet was formed that should largely see policy continuation; however, given the coalition’s slim

the decrease in fuel consumption. Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 7 3.3 Analysis of Equity As at March 31, 2018, equity was Baht 62,849.62 million

activity in the first quarter of 2018 continued to expand from the previous quarter, driven mainly by the solid growth momentum of merchandise exports and the tourism sector. Private consumption continued to