exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to

the global market. Meanwhile, the demand for stainless steel started to increase as the country's economy began to grow steadily as the result of the export sector, private consumption, tourism sector

project in e he Compan in season d services – consumption ess. Further d has a pos ies, the Co nd other cha f subsidiarie oan and IT a 017 As of 30 MB 9,83 4,32 ptember 20 d of 2016 1 umers and uity ptember

, driven mainly by exports sector, private consumption, government spending and investment. In the fourth quarter, Thai economic growth is expected to be driven by government initiatives such as Low-income

-o-y) to 287,701 flights. This is attributed to the slowdown growth rate of aviation fuel consumption this year as it has been negatively impacted by a number of external factors, such as measurements

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

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

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

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